Module 9: Funds Management Regulation

May 2019

8:30 am - 5:30 pm

Securities Commission Malaysia

Speakers : WONG LOKE LIM

Module 9: Funds Management Regulation

Programme Objective

This course equips participants with comprehensive understanding and knowledge based on their good understanding from module 9 study outline. Participants expected to 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 2 ½ -day course is designed to match the licensing study outline for Module 9 on funds management regulation. It covers the comprehensive introduction to fund management, regulatory structure, fund management industries, licensing requirements, compliance and corporate governance relating fund management.

Who Should Attend

Candidates preparing for the Module 9 Licensing Examination
New entrants to the capital market industry and staff of investment banks

Programme Delivery

Learning Outcomes

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

The fund management industry and describe its significance to the Malaysian economy
Regulatory structure of the funds management industry in Malaysia
Laws, regulations and guidelines governing the operation of the funds management industry in Malaysia
Relationship between a fund management company and its client
Duty and standard of care applicable to a fund management company
Licensing requirements of fund management companies and their representatives
Various securities offences and how they are regulated
Purpose of an Investment Management Agreement and Investment Mandate
Compliance and explain its significance to a fund management company
Corporate governance and other issues affecting a fund management company

Candidates’ Prerequisites

It is estimated that this module will require a minimum of 120 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	The Fund Management Industry in Malaysia What is the Fund Management Industry? Significance of the Fund Management Industry Providers of Fund Management Services Fund Structures in Malaysia Support Services Providers Why Does the Fund Management Industry Need to be Regulated?
10.45 am	Refreshment
11.00 am	Laws and Organisations Regulating the Fund Management Industry Overview of Law The Securities Industry Laws Other Relevant Laws and Regulations Organisations Regulating the Fund Management Industry Industry Regulation The Law of Contract What is the Law of Contract? Essential Elements of a Contract
1.00 pm	Lunch
2.00 pm	Negligent Misstatement What is Negligence? Elements of the Tort of Negligence Negligent Conduct – the Duty and Standard of Care Negligent Misstatement Statutory Liability Relationship between Fund Management Company and Client Analysing the Relationship between a Fund Management Company and its Client Laws Governing the Fund Management Company/Client Relationship Ethical Considerations Conduct of a Fund Management Company’s Business The Investment Management Agreement Duties to Clients Records and Segregation of Assets Substantial Shareholders Notices Insurance Cover
3.45 pm	Refreshment
4.00 pm	The Licensing Handbook Chapter 1: Introduction Chapter 2: Licences under the CMSA Chapter 4: Licensing Criteria Chapter 7: Conditions and Restrictions of Licence Chapter 10: Outsourcing Arrangement by CMSL Holders Securities Offences Short Selling Market Manipulation by Market Rigging Market Manipulation by Information Other Offences Relating to Dealing Other Offences Relating to False and Misleading Statements Insider Trading Other Offences
5.30 pm	End of Day One

PROGRAMME – DAY TWO

8.30 am	Registration
9.00 am	Compliance Compliance The Compliance System Implementing the Compliance Plan Requirement to Adopt Compliance Procedures Authority of the Compliance Officer
10.45 am	Refreshment
11.00 am	Topical Issues in Funds Management Regulation Corporate Governance Performance Presentation Standards Key Elements of Performance Presentation Standards
1.00 pm	Lunch
2.00 pm	Related Guidelines for Fund Management Regulation Guidelines on Compliance Function for Fund Management Companies Guidelines for Public Offerings of Securities of Closed-end Funds Guidelines for the Establishment of Foreign Fund Management Companies Guidelines on Prevention of Money Laundering and Terrorism Financing for Capital Market Intermediaries
3.45 pm	Refreshment
4.00 pm	Related Guidelines for Fund Management Regulation (cont’) Guidelines on Unlisted Capital Market Products Under the Lodge and Launch Framework Lodgement Kit: Unlisted Capital Market Products Under the Lodge and Launch Framework Guidelines on Unit Trust Funds
5.30 pm	End of Day Two

PROGRAMME – DAY THREE

8.30 am	Registration
9.00 am	Related Guidelines for Fund Management Regulation (cont’) Guidelines on Exchange-Traded Funds Guidelines on Islamic Fund Management
10.30 am	Refreshment
10.45 am	Revision and Feedback Session on Set of Questions
12.30 pm	End of Programme

About The Speakers

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.

Module 9: Funds Management Regulation

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 9: Funds Management Regulation

Programme Delivery

Programme Outline

About The Speakers

Securities Commission Licensing Examination AM

Securities Commission Licensing Examination AM

Securities Commission Licensing Examination PM

Securities Commission Licensing Examination PM

Familiarisation Programme PM

Familiarisation Programme PM

CUSTOMISE A PROGRAMME

TALK TO US

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

Module 9: Funds Management Regulation

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 9: Funds Management Regulation

Programme Delivery

Programme Outline

About The Speakers

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Familiarisation Programme PM

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CUSTOMISE A PROGRAMME

TALK TO US

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

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