Module 19: Advisory Services (Rules & Regulations)

Jul 2019

8:30 am - 5:30 pm

Securities Commission Malaysia

Speakers : WONG LOKE LIM

Module 19: Advisory Services (Rules & Regulations)

Programme Objective

This course equips participants with comprehensive understanding and knowledge based on the Module 19 Study Outline. Participants will advance their knowledge and comprehension further via an interactive teaching and learning experience while increasing their confidence in sitting for the examination. This course will be facilitated by an experienced and qualified trainer.

Programme Overview

This 3 -day course is designed to match the licensing study outline for Module 19 on financial statement analysis and asset valuation. It covers the fundamental aspects of financial statements, investment analysis, relevant accounting policies and treatments for financial reporting, characteristics of fixed income and equity securities, time value of money and valuation methods.

Who Should Attend

Candidates preparing for the Module 19 Licensing Examination
New entrants to the capital market industry and staff of investment banks

Programme Delivery

Learning Outcomes

Candidates are expected to have good knowledge, understanding and ability to apply in the following areas:

The principles of contract law and relevant issues
The laws which are relevant to the advisory services in the Malaysian capital market
The system and procedures of licensing of persons who carry on the investment advisory business in Malaysia
The features and prohibitions of investment advisory activities
The regulations governing the issue and offer of equity securities, listing of corporations and quotations of securities on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) (Main Market) and proposals which result in a significant change in the business direction or policy of corporations listed on the Main Market under the Securities Commission Malaysia’s Equity Guidelines
The regulations setting out who can act as principal advisers for the submission of corporate proposals and the competency standards required
The regulations governing the conduct of due diligence for corporate proposals by issuers, advisers and experts
The activities and current trends connected to money laundering and terrorism financing and the Malaysian regulatory approach towards them
The characteristics and regulations governing take-overs in Malaysia
The regulations governing valuations of property assets in conjunction with corporate proposals for submission to the Securities Commission Malaysia or for inclusion in prospectuses and circulars
The regulations governing the issuance and registration of prospectuses
The regulations governing the issue, subscription, purchase, invitation to subscribe or purchase private debt securities or sukuk to retail investors
The regulations that must be observed for the purposes of exclusively making available unlisted capital market products to sophisticated investors in Malaysia or persons outside Malaysia
The regulations governing the issuers of structured warrants
The regulations governing listing of securities under the Bursa Securities Main Market Listing Requirements, Bursa Malaysia Securities Berhad ACE Market Listing Requirements and Bursa Malaysia Securities Berhad LEAP Market Listing Requirement

Candidates’ Prerequisites

It is estimated that this module will require a minimum of 200 hours of study time. Candidates are expected to have relatively strong capability in the application and analysis of information provided in this outline and its reference. 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 course will be delivered using effective learning methods which include presentations, discussions and review examination questions.

Programme Outline

PROGRAMME – DAY ONE

8.30 am	Registration
9.00 am	LEGAL CONSIDERATIONS AND CODE OF CONDUCT Outline of the law of contract Essential elements of a contract Other elements of contract Exclusion and limitation clauses Remedies for breach of contract
10.45 am	Refreshment
11.00 am	NEGLIGENT MISSTATEMENT Negligence Defences General liability of stockbrokers False and misleading statements under securities laws LICENSING OF PERSONS WHO CARRY ON THE BUSINESS OF INVESTMENT ADVICE, ADVISING ON CORPORATE FINANCE AND THEIR REPRESENTATIVES Advising on corporate finance, Investment advice, CMSL and CMSRL defined Requirement to be licensed Criteria for the grant of licence Revocation and suspension of licence Duties and obligations of licence holder PROHIBITED CONDUCT AND INSIDER TRADING Prohibited conduct Insider trading
1.00 pm	Lunch
2.00 pm	GUIDELINES ON PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING FOR CAPITAL MARKET INTERMEDIARIES Part I: Introduction and Applicability Part II: Risk-Based Approach Application Part III: Customer Due Diligence Part IV: Retention of Records Part V: Suspicious Transactions Part VI: Compliance and Training Programmes Part VII: Combating Terrorism Financing GUIDELINES RELATED TO ADVISORY SERVICES AND ITS APPLICATIONS 1. EQUITY GUIDELINES Part I: General Part II: Policy Guidelines Part III: Submission and Implementation
3.45 pm	Refreshment
4.00 pm	GUIDELINES RELATED TO ADVISORY SERVICES AND ITS APPLICATIONS (CONT) 2. PRINCIPAL ADVISER GUIDELINES Chapter 1: General Chapter 2: Eligibility to Act as Principal Advisers Chapter 3: Additional Eligibility Criteria for Principal Advisers Submitting Specific Corporate Proposals 3. GUIDELINES ON DUE DILIGENCE CONDUCT FOR CORPORATE PROPOSALS Chapter 1: General Chapter 2: Definitions Chapter 3: Mandatory Obligations Chapter 4: Best Practices 4. MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2016 Citation and Commencement General Principle 1 to 12 Acquisition pursuant to subsection 218(3) Revocation and saving 5. RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITION General Take-Over Offer Process And Procedure of Take-Over Offer Conduct During Offer Compulsory Acquisition And Right Of Minority Shareholders
5.30 pm	End of Day One

PROGRAMME – DAY TWO

8.30 am	Registration
9.00 am	GUIDELINES RELATED TO ADVISORY SERVICES AND ITS APPLICATIONS (CONT) 6. ASSET VALUATION GUIDELINES Chapter 3: Appointment of Valuer Chapter 4: Valuation Chapter 7: Requirements for Valuation of Specific Property Assets Chapter 8: Submission of Report
10.45 am	Refreshment
11.00 am	7. PROSPECTUS GUIDELINES Part I: Division 1- Equity Part I: Division 2- Debenture and Sukuk Part I: Division 3 – Structured Warrant Part I: Division 5 – Abridged Prospectus Part I: Division 6 – Supplementary and Replacement Prospectus Part II: Procedures for Registration Part III: Prospectus-Related Guidelines Division 1- Plain Language Guide for Prospectus Division 2- Electronic Prospectuses and Application Guidelines Division 3- Advertising Guidelines Part IV: Practice Notes 8. GUIDELINES ON ISSUANCE OF CORPORATE BONDS AND SUKUK TO RETAIL INVESTORS Part A: General Part B: Requirements for an Issuance of Corporate Bonds or Sukuk Part C: Approval for an Issuance of Corporate Bonds or Sukuk Part D: Additional Shariah Requirements for Sukuk Part E: Requirements for an Issuance of Sustainable and Responsible Sukuk Part F: Requirements for an Issuance of ASEAN Green Bonds and Sukuk
1.00 pm	Lunch
2.00 pm	9. GUIDELINES ON UNLISTED CAPITAL MARKET PRODUCTS UNDER THE LODGE AND LAUNCH FRAMEWORK Section A: General Requirements Section B: Specific Requirements Part 2: Structured Products Part 3: Corporate Bonds and Sukuk Part 4: Asset-Backed Securities Section C: Additional Requirements for Shariah-Compliant Unlisted Capital Market Products Under the Lodge and Launch Framework Section D: Transitional Provisions
3.45 pm	Refreshment
4.00 pm	10. LODGEMENT KIT: UNLISTED CAPITAL MARKET PRODUCTS UNDER THE LODGE AND LAUNCH FRAMEWORK Part 2: Structured Products Part 3: Corporate Bonds and Sukuk Part 4: Asset- Backed Securities
5.30 pm	End of Day Two

PROGRAMME – DAY THREE

8.30 am	Registration
9.00 am	GUIDELINES RELATED TO ADVISORY SERVICES AND ITS APPLICATIONS (CONT) 11. ISSUER ELIGIBILITY GUIDELINES – STRUCTURED WARRANTS General Eligible Issuers of Structured Warrants Requirements on Issuers Supervisory Action Submission of Declaration
10.15 am	Refreshment
10.30 am	BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS Chapter 2: General Chapter 3: Admission Chapter 4: Admission for Specific Applicants Chapter 4A: Foreign Listing Chapter 4B: Listing of Sukuk and Debt Securities Chapter 5: Structured Warrants Chapter 6: New Issues of Securities Chapter 8: Continuing Listing Obligations Chapter 9: Continuing Disclosure Chapter 10: Transactions Chapter 12: Share Buy-Backs Chapter 13: Arrangements and Reconstructions Chapter 14: Dealings in Listed Securities Chapter 15: Corporate Governance Chapter 16: Suspension, De-listing and Enforcement Practice Notes
1.00 pm	Lunch
2.00 pm	BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS Chapter 2: General Chapter 3: Admission Chapter 4: Sponsors Chapter 5: Foreign Listing Chapter 6: New Issue of Securities Chapter 8: Continuing Listing Obligations Chapter 9: Continuing Disclosure Chapter 10: Transactions Chapter 12: Share Buy-Backs Chapter 13: Arrangements and Reconstructions Chapter 14: Dealings in Listed Securities Chapter 15: Corporate Governance Chapter 16: Suspension, De-listing and Enforcement Guidance Notes BURSA MALAYSIA SECURITIES BERHAD LEAP MARKET LISTING REQUIREMENTS General Admission Advisers New Issues of Securities Continuing Listing Obligations Transactions Suspension, De-Listing and Enforcement
3.30 pm	Refreshment
3.45 pm	Revision and Feedback Session on Set of Questions
5.30 pm	End of Programme

About The Speakers

SPEAKER: 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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If you have any questions,
our dedicated team of specialists is here to help you

Module 19: Advisory Services (Rules & Regulations)

Past Programmes

8:30 am - 5:30 pm

Securities Commission Malaysia

Speakers : WONG LOKE LIM

MYR 900 *Fee is not inclusive of 8% SST

Module 19: Advisory Services (Rules & Regulations)

Programme Delivery

Programme Outline

About The Speakers

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