SIDC to Conduct Licensing Examinations in Kota Kinabalu, Kuching

Kuala Lumpur, 7 July 1999

The Securities Industry Development Centre (SIDC) of the Securities Commission (SC) has scheduled licensing examinations for dealer's representatives and futures broker's representatives in Kota Kinabalu, Sabah and Kuching, Sarawak. These examinations will be held on 14-15 August 1999 in Kota Kinabalu and 25-26 September 1999 in Kuching.

The intention of organising these examinations in Sabah and Sarawak is to make it more convenient and economical for interested individuals residing there to sit for the examinations. The SIDC organises monthly these licensing examinations in Kuala Lumpur.

While there are no pre-requisites for members of the public to take any of the examinations, prospective candidates will have to satisfy the requirements as stipulated by the Licensing Department of the SC and the relevant Exchange, in order to obtain the necessary licence.

The SC urges interested individuals to register early for the examinations as places are limited and these will be the only examination sessions organised in Sabah and Sarawak for 1999.

For registration and further details on the examinations, please contact the Examination Centre of SIDC at tel : 03-654 8202 / 8203 or fax : 03-651 5822. For further information, please visit our Homepage at www.sc.com.my.

With effect from 1 July 1999, the SIDC became the sole body to conduct examinations for trainee dealer's representative on the Kuala Lumpur Stock Exchange (KLSE) and the Malaysian Exchange of Securities Dealing & Automated Quotation (MESDAQ); futures broker's representatives on the Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) and the Commodity and Monetary Exchange of Malaysia (COMMEX); fund manager's representatives; futures fund manager's representatives and designated persons in the unit trust industry.

SECURITIES INDUSTRY DEVELOPMENT CENTRE

Issued on behalf of the Securities Commission. Members of the press requiring assistance may contact tel no. 03-6548513 (Ann Teoh) / 03-6548184 (Azmi Hariss Ibrahim) or fax no. 03-6515078 or e-mail: [email protected]

Background information:

The Securities Industry Development Centre (SIDC) is the education arm of the Securities Commission (SC). It is responsible for facilitating education and research in the development of the capital market in Malaysia through training and dissemination of findings of non-proprietary research. It is also responsible for the development of the SC's resource centre which when fully established will be the premier capital market resource centre for the region.

The Securities Commission, a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Securities Industry Act 1983 and Futures Industry Act 1993.

More information about the SC is available on its homepage at www.sc.com.my