The Examination Centre of the SIDC has scheduled its inaugural session of the TDR examination for 4 August 1999 in Kuala Lumpur. With the take-over, the TDR examination will be conducted more frequently, on a monthly basis as compared to the present bi-monthly system.
Under the new system, candidates need only repeat the failed paper instead of having to repeat the entire examination of two papers.
The SIDC, in close consultation with the KLSE, has strived to ensure a smooth transition for existing TDR candidates. In this regard, a special scheme has been designed for candidates who have sat for the TDR examination at KLSE and failed. These candidates will be eligible for the benefit of only repeating the failed paper on the condition they take the examination by October 1999. They will also be able to enjoy a special rate of RM100 for the first repeat.
Nonetheless, if they have not repeated and passed the paper by October 1999, these candidates will be regarded as fresh candidates and will be required to re-register and pay the full examination fee of RM200 per paper and sit for the entire examination consisting of two papers.
Other changes occurring when the SIDC takes over conduct of the TDR examinations are as follows:
- Revision of passing rates for TDR and MESDAQ examinations
In order to standardise licensing examinations in the securities industry, the passing rate for the TDR and MESDAQ examinations have been revised. Effective 1 July 1999, the passing rate for the TDR examination will be revised from the present 50% to 60% and the MESDAQ examination from 70% to 60%.
- Modular system of licensing examinations
All licensing examinations will be repackaged as modules and will provide candidates with the benefit of flexibility in selecting combinations of modules depending on the type of license they wish to obtain. Among others, the modules cover the following areas:
- futures
- options
- trading on the various exchanges
- Malaysian stockmarket and securities laws; and
- accounting and financial statement analysis and asset valuation.
For further information on the TDR examination and the new modular system, please contact the Examination Centre at tel: 03-654 8202/3 or fax: 03-6515822.
The SIDC currently conducts the Malaysian Futures and Options Registered Representative (MFORR) and MESDAQ licensing examinations. With the SC undertaking the administration of the TDR examination, the SIDC becomes a one-stop examination centre where those wishing to obtain dual-licenses need only go to one centre, instead of two.
The review of licensing examinations is an on-going process and is in line with the SC's plan to rationalise the licensing examinations for the securities and futures industries.
