This new examination module, also known as Module 13, is introduced in conjunction with the establishment of the Malaysia Derivatives Exchange (MDEX), which resulted from the recent merger between the Kuala Lumpur Options and Financial Futures Exchanges (KLOFFE) and the Commodity and the Monetary Exchange of Malaysia (COMMEX).

Module 13, which takes into account the Business Rules of MDEX, will replace the existing Module 4 (Business Rules of KLOFFE) and Module 5 (Business Rules of COMMEX).

The first examination for Module 13 will be held on 22 August 2001. The examination will cover the latest changes in the regulatory framework and business rules on futures and options markets. A study outline will be issued to examination candidates. Candidates are encouraged to study the MDEX Business Rules to prepare for the Module 13 licensing examination.

Individuals who have passed the entire MFORR examination, including Modules 4 and/or 5 or who have not completed the entire MFORR examination but have passed Modules 4 and/or 5 will be exempted from taking Module 13 provided they attend the Familiarisation Programme conducted by MDEX on its Business Rules.

The Familiarisation Programme is currently being conducted at the Kuala Lumpur Stock Exchange (KLSE) and will run until 4 August 2001. Interested parties who would like further details about the Familiarisation Programme should contact MDEX at 03-230 8199.

For more information on Module 13, please contact the Corporate Services Unit of SIDC at 03-6204 8000. The MDEX Business Rules are also available at Corporate Services at RM40 each.