PROGRAMMES - Bumiputra Training (BTF / BDRF)

Dana Latihan Bumiputera (DLB) / Bumiputera Training Fund (BTF)

The Bumiputera Training Fund (BTF) was set up in 1997 with contributions of RM1 million each from the Commission and KLSE (now known as Bursa Malaysia), and RM50,000 from each of the stockbroking companies. Training programmes organised by the BTF are aimed at benefiting all levels of Bumiputera professionals and licensed representatives in order to enhance their technical and developmental skills. As the secretariat for the fund, the SIDC manages the training programmes with guidance from the Education Committee, Finance Committee and Board of Trustees.

Objective

To encourage effective participation of all bumiputera employees in the stockbroking industry through improvements in their levels of knowledge and skills.

BTF Policy

1. All training programmes must reflect the objective of the BTF.
2. Training programmes should be self- contained and independent of any non-training related activity.
3. All applications for BTF course participation must come from stockbroking companies (SBCs) and no other source.
4. Penalty will be imposed upon SBCs for absenteeism of registered course participants (without appropriate reason).
5. All applications must be recommended by the HR officer and supported by a Bumi director of the SBC.
6. Applications processed will be guided by pro rata quota based on the number of bumiputera staff in SBCs.
7. All BTF participants must complete and submit course evaluations.

BTF Process

1. All course proposals for BTF funding must be submitted to the BTF Secretariat before the closing date (e.g. for 1st half year 2008 BTF calendar, closing date is 30 Nov 2007).
2. BTF Secretariat will undertake a due diligence review of BTF proposals under the following categories:
   1. Investment Management
   2. Personal Enhancement
   3. Risk Management and Compliance
   4. Contemporary Issues
3. The due diligence review will be based on the following considerations:
   1. Ensure that proposed course falls within the approved categories
   2. Ensure that proposed fee is within the approved budget
   3. Ensure that courses under Investment Management and Risk Management & Compliance are CPE-approved
4. BTF Secretariat recommends course proposals for approval by BTF Education Committee.
5. BTF Secretariat then recommends the budget for approval by BTF Finance Committee.
6. BTF Secretariat obtains endorsement by BTF Trustee on approved BTF courses and budget.

BTF Representatives for 2007/2008

Board of Trustees

• Dato’ Zarinah Anwar – Chairman, Securities Commission
• Encik Omar Merican - Chief Operating Officer, Bursa Malaysia
• Mr. Peter Leong Tuck Leng – Chairman, Association of Stockbroking Companies Malaysia

Education Committee

• John Zinkin - Chief Executive Officer, Securities Industry Development Corporation
• YBhg Datin Azalina Adham - Head, Equities Marketing, Bursa Malaysia
• YBhg Datin Mariam Yusof - Committee Member, ASCM
• Encik Saiful Bahri bin Zainuddin - Committee Member, ASCM

Finance Committee

• K. Vignaswaran – Head, Finance & Procurement, Securities Commission
• Puan Nadzirah Abdul Rashid - Chief Financial Officer, Bursa Malaysia
• YBhg Datin Mariam Yusof - Committee Member, ASCM
• Encik Saiful Bahri bin Zainuddin - Committee Member, ASCM

BTF Training Calendar (July – December 2007) (click here)

For further enquiries, please contact:

The BTF Secretariat
Securities Industry Development Corporation (SIDC)
3, Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
Tel: 603-6204 8267
Fax: 603-6201 5811
E-mail: yusoff@sidc.com.my

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