Capital Market Director Programme (CMDP):
Programme Overview
Licensed intermediary institutions play an important systemic role in the capital market ecosystem. The growth or decline of the capital market is influenced by, among others, the success and failure of these institutions. Hence, the quality of leadership at these institutions is paramount. Kiel et al., 2012 suggest four levels of competence required of a board. They are as follows:
Industry: Experience in and knowledge of the industry in which the organisation operates
Technical: Technical/professional skills and specialist knowledge to assist with ongoing aspects of the board’s role
Governance: The essential governance knowledge and understanding all directors should possess or develop if they are to be effective board members
Behavioural: The attributes and competencies enabling individual board members to use their knowledge and skills to function well as team members and to interact with key stakeholders
Programme Objectives
The Capital Market Director Programme (CMD) is an exclusive platform for directors and other strategic personalities of licensed intermediary institutions to equip themselves with new and relevant knowledge, skills and abilities (basic to intermediate level). The programme is also designed to allow them to explore and deliberate on pertinent issues affecting the industry from multi-stakeholders’ perspectives.
The specific objectives of the programme are as follows:
- Equip members of the board with knowledge and skills to provide leadership and oversight in the running of licensed intermediary institutions;
- Assist directors of licensed intermediary institutions in becoming an effective member of the board through the latest developments in regulations and challenges, business and governance in the capital market; and
- Promote a thorough understanding of the role of the Securities Commission in regulating a dynamic and competitive capital market.
This programme will also “strengthen intermediation standards and capabilities” as espoused by the Capital Market Masterplan 2 (CMP2).
Securities Commission Malaysia (2011) Capital Market Masterplan 2. Securities Commission, Kuala Lumpur.
Learning Outcomes
Module 4: Emerging and Current Regulatory Issues In The Capital Market
At the end of the module, participants will be able to:
- Understand and articulate the emerging issues potentially affecting the business of licensed intermediaries;
- Identify and understand the red flags of potential misconducts; and
- Exercise judgement appropriately in ensuring (i) proper conduct of licensed intermediaries and (ii) effective dealings with the regulator – the Securities Commission Malaysia.
CPD*
*SIDC CPE points are recognised by FIMM, AICB and MIA
Learning Hours
3.5 hours
Competencies
![]() |
|
Target Audience
Individual 
Newly appointed directors and directors of CMSL holders
OUTLINE MODULE 4 – EMERGING AND CURRENT REGULATORY ISSUES IN THE CAPITAL MARKET
10.00 am | Recognise The Emerging Issues Potentially Affecting The Business Of Licensed Intermediaries:
|
11.30 am | Understand the role of the Securities Commission Malaysia as primary stakeholder in ensuring proper conduct through sound appreciation of:
|
12.30 pm | End of Programme |
Sue Wan Wong
Partner, Wong & Partners
Sue Wan Wong is a partner in the Corporate, Commercial & Securities Practice Group of Wong & Partners, the member firm of Baker & McKenzie International in Malaysia.
Sue Wan has advised clients on issues relating to exchange controls, securities offerings, distributive trade, directors’ duties, shareholders’ rights, schemes of arrangement, general commercial, employment law, employee share option schemes and tax. She has undertaken numerous transactions relating to initial public offerings, restructuring, mergers and acquisitions including divestitures, foreign investments and joint ventures for both local and cross border transactions. She has also advised clients in the acquisition of shares in insurers and the transfers of insurance businesses vide schemes of transfer under the Malaysian Insurance Act 1996.
Sue Wan’s practice includes advising on a suite of financial services regulatory matters, including on establishment of financial service providers, regulatory enquiries, marketing of financial products and financial services compliance. She engages and advises businesses involved in the innovation, investment and development of financial technology (FinTech) products and services. Sue Wan has vast experience in advising clients at the forefront of innovation, helping to navigate the web of regulatory and compliance challenges, and to facilitate partnerships between industry players and regulators.
In addition to her practice with the Firm, Sue Wan is a member of the US-ASEAN Business Council (Financial Services Committee) and the Secretary of the FinTech Association of Malaysia, which aims to engage ASEAN public and private to advance regional financial sector development and integration, contribute to ASEAN’s development as a global asset class as regional governments implement the ASEAN Economic Community (AEC), and shape regional financial integration in line with committee members’ business objectives and global best practices.
Sue Wan was admitted to practice in Malaysia in 2003. She holds a Bachelor of Laws (Honours) from the University of Malaya, Malaysia and a Bachelor of Civil Law from the University of Oxford, United Kingdom.
Munirah Abdul Rahman
Munirah has been attached to the Supervision Department of the Securities Commission Malaysia for the last 10 years. She oversees the planning and supervisory activities of market intermediaries within the investment management industry. In addition, she leads the department’s data analytics team which involved in determining data and analytics requirements and reporting of risk and performance for the investment management and broking industries.
Prior to joining the SC, she has approximately 10 years of experience, primarily in the audits of entities in the financial services industry. She was attached with a Big 4 accounting firm in Kuala Lumpur before moving to another Big 4 accounting firm in London. Her experience in these firms were mainly in audits of financial statements and review of internal controls of banks, securities firms and fund managers. She was a Senior Manager in internal audit function covering Commodities trading desks in an American investment bank based in London, before returning to Malaysia to join the SC.
An accountant by qualification, Munirah is a Fellow member of Association of Chartered Certified Accountants (ACCA).
Recommended for you
Securities Commission Licensing Examination AM
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
Securities Commission Licensing Examination AM
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring

Securities Commission Licensing Examination PM
02:30:00 PM - 05:00:00 PM
Online Remote Proctoring
Securities Commission Licensing Examination PM
02:30:00 PM - 05:00:00 PM
Online Remote Proctoring

Securities Commission Licensing Examination AM
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
Securities Commission Licensing Examination AM
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
