Module Combination for Regulated Activities

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MODULE COMBINATION FOR REGULATED ACTIVITIES

It is vital for capital market professionals to have the relevant competencies to participate in the capital market. In relation to this, Capital Markets Services Representative's Licence (CMSRL) applicants and candidates for head of operations, head of compliance and compliance officers are required to pass the relevant examinations as prescribed in the Licensing Handbook and those who intend to be employees of registered persons who carry out the permitted capital market activities are required to pass the relevant examinations as prescribed in the Guidelines on Investor Protection.

The combination of examinations applicable for the respective regulated activities and/or candidates for head of operations, head of compliance and compliance officers or for those who intend to be employees of registered persons who carry out the permitted capital market activities are as follows

Table 1: Combination of Examinations
Combination of Examinations
Dealing in Securities Dealing in securities
  • Applicants must pass the SC Licensing Examination: Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18.
Dealing in unlisted debt securities only
  • Applicants who are certified by Financial Markets Association or Persatuan Pasaran Kewangan Malaysia (PPKM) as eligible.
Dealing in Derivatives
  • Applicants must pass the SC Licensing Examination: Modules 14 & 16 or 17 &18 or 14 & 17 or 16 & 18.
Fund Management
  • Applicants must pass the SC Licensing Examination: Modules 9 & 10.
Advising on Corporate Finance
  • Applicants must pass the SC Licensing Examination: Modules 12 & 19 or 12, 19A & 19B.
Investment Advice
  • Applicants must pass the SC Licensing Examination: Modules 12 & 19 or 12 & 19A.
Financial Planning
  • No specific licensing examination required.
Head of Operations
  • Candidates must pass the SC Licensing Examination: Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18.
Head of Compliance and Compliance Officer Candidates must pass the SC Licensing Examination - Module 11 and the relevant modules as determined by the regulated activities of his principal:
  • Dealing in securities - Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18;
  • Dealing in derivatives - Modules 14 & 16 or 17 & 18 or 14 & 17 or 16 & 18; and
  • Fund management - Modules 9 & 10.
 
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