Familiarisation Programme For Trading Representative 1 (FPTR)

Past Programmes

28
Sep 2019

8:30 am - 5:00 pm

Securities Commission Malaysia

Speakers : Wong Loke Lim

MYR 1100 *Fee is not inclusive of 6% SST

Familiarisation Programme For Trading Representative 1 (FPTR)

 

This two-day programme is designed to provide comprehensive understanding of the Malaysian securities market for Trading Representatives (TRs) working with Participating Organisations (POs) to carry out their duties effectively and in compliance with the law. It covers the securities industry with specific focus on Malaysian market, regulatory structure and its governing laws, duty and standard care of dealing in securities, various offences and stock market operations including financial statements and its significance in financial and investment analysis together with the features, characteristics and risk associated to various capital market products.

At the end of the programme assessments will be carried out to gauge participants’ understanding of the materials presented.

Who Should Attend

Please refer to Chapter 11 of the Licensing Handbook for entry requirements

Learning Outcomes
By the end of the programme, participants will be able to:

  1. Describe the general overview of the Malaysian securities markets and its main participants
  2. Explain the regulatory structure of the securities industry in Malaysia
  3. Explain the main laws and regulations governing the operation of the securities industry in Malaysia
  4. Illustrate the relationship between the stockbroking company, licensed representative, trading representatives and clients
  5. Describe the activities and current trends connected to money laundering and terrorism financing and the Malaysian regulatory approach towards them
  6. Outline the licensing requirements and obligations of person(s) who carries (carry) on the business of dealing in securities and their representatives
  7. Define various securities offences and description of how they are regulated
  8. Describe the operations of the stock market in Malaysia
  9. Recognize the uses of financial statements and its significance in financial and investment analysis
  10. Identify essential elements of financial statements which are used in carrying fundamental analysis
  11. Explain the features, characteristics and risk associated to various capital market products.

Objective
​The programme aims to help participants identify, understand, and most importantly, apply the relevant knowledge and essential skills towards becoming competent TRs.

Candidates’ Prerequites
It is estimated that this module will require a minimum of 80 hours of study time. Candidates are expected to possess good knowledge and understanding of the subject matter provided in this study outline and specified references. The amount of study hours needed depends on the education background and work experience of the candidates. Candidates are also expected to update themselves with the latest changes relevant to this module as all questions will be continuously updated to reflect these changes.

Methodology
This programme will be delivered using effective learning methods which include presentations and discussions.

DAY ONE

9.00am
Introduction to the Securities Market

  • Overview of the securities market
  • The stock market and stock exchange
  • Indices
  • Primary and secondary market
  • Main Market, ACE Market and LEAP Market
  • Introduction to the Islamic Capital Market (ICM)

Regulatory Framework of the Securities Market

  • Securities industry laws
  • Regulatory bodies in the securities market
  • Regulated activities

Licensing Handbook

  • Licensing framework
  • Single licensing framework
  • Two-tiered licensing framework
  • Fit and proper criteria
  • Obligations of the licensed person
  • Obligations of Dealer’s Representatives
  • Trading Representatives
  • Revocation or suspension
  • Effect of revocation and suspension

 

10.40am Coffee break
11.00am Relationship between Participating Organisations (POs), CMSRLs, Trading Participants and Clients

  • Rules Governing the Relationship between POs CMSRLs, Trading Participants and Clients
  • POs’ duties to clients
  • Obligations of TRs

Trading on Bursa Malaysia

  • Central Depository System (CDS)
  • Automated Trading System (ATS)
  • Delivery and settlement
  • Trading phases and market timing
  • Order
  • Margin financing
  • The Fixed Delivery & Settlement System (FDSS)
  • Delivery and settlement time for On-Market Transactions
  • Circuit breaker and trading halts

Anti-Money Laundering and Protection of Clients’ Information

  • Guidelines on Prevention of Money Laundering and Terrorism Financing for Capital Market Intermediaries
  • Obligation on protection of clients’ information and common abuses on confidentiality

 

1.00pm Lunch break
2.00pm Negligent Misstatement

  • Negligence and statement
  • Precondition for liability
  • Statutory liability
  • Reasonable basis and the “Know-Your-Client” rule

Types of Securities Offences

  • Short selling
  • False trading and market-rigging transactions
  • Stock market manipulation
  • Market abuses and unethical business conduct
  • False or misleading statements in relation to securities
  • Fraudulently inducing persons to deal in securities
  • Use of manipulative and deceptive devices
  • Dissemination of information about illegal transactions
  • Insider trading
  • Clients’ rights
  • Penalties for contravention

 

3.55pm Coffee break
4.15pm Assessment – Proposed 30 Multiple Choice Questions (45 minutes)
5.00pm End of Day One

WONG LOKE LIM

Wong Loke Lim has almost thirty years of banking and finance-related experience.  Currently, he is a director of several private companies which he founded, including i-Biz Concept Sdn Bhd, a financial training and management resources provider. He is also a director of a Bursa Malaysia-listed company and sits on the Board of Governors of the Financial Planning Association of Malaysia, where he was the Deputy President from 2011-2013. Previously, he was the Chief Executive/Licensed Representative of a fund management company, a general manager at KAF Investment Bank Berhad and the Group Chief Internal Auditor of a KLSE (now Bursa Malaysia)-listed company. He speaks regularly on topics relating to capital market, treasury, accounting and wealth management, and conducted training programmes for capital market professionals, private bankers and wealth managers in various financial centres in the Asia-Pacific region. He is a chartered accountant, a fellow of the Association of Chartered Certified Accountants and a Certified Financial Planner.

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