SCLE Revision: Advisory Services (Rules and Regulations) (Module 19)

Laws & Regulations

21
Nov 2020

9:00 am - 6:00 pm

SIDC LMS

Speakers : Wong Loke Lim

MYR 1250 *Fee is not inclusive of 6% SST

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 2 -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

Learning Outcomes

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

  1. The principles of contract law and relevant issues
  2. The laws which are relevant to the advisory services in the Malaysian capital market
  3. The system and procedures of licensing of persons who carry on the investment advisory business in Malaysia
  4. The features and prohibitions of investment advisory activities
  5. 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
  6. The regulations setting out who can act as principal advisers for the submission of corporate proposals and the competency standards required
  7. The regulations governing the conduct of due diligence for corporate proposals by issuers, advisers and experts
  8. The activities and current trends connected to money laundering and terrorism financing and the Malaysian regulatory approach towards them
  9. The characteristics and regulations governing take-overs in Malaysia
  10. 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
  11. The regulations governing the issuance and registration of prospectuses
  12. The regulations governing the issue, subscription, purchase, invitation to subscribe or purchase private debt securities or sukuk to retail investors
  13. 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
  14. The regulations governing the issuers of structured warrants
  15. 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 – DAY ONE 

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

NEGLIGENT MISSTATEMENT

  • Negligence
  • Defences
  • General liability of stockbrokers
  • False and misleading statements under securities laws
10.30 am Break
11.00 am 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

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 (CDD)
  • Part IV: Retention of Records
  • Part V: Suspicious Transactions
  • Part VI: Compliance and Training Programmes
  • Part VII: Combating Terrorism Financing
1.00 pm Lunch Break
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

EQUITY GUIDELINES

  • Part I: General
  • Part II: Policy Guidelines
  • Part III: Submission and Implementation

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

Guidelines on Due Diligence Conduct for Corporate Proposals

  • Chapter 1: General
  • Chapter 2: Definitions
  • Chapter 3: Mandatory Obligations
  • Chapter 4: Best Practices
4.00 pm Break
4.15 pm 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

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 Shareholder

Asset Valuation Guidelines

  • Chapter 3: Appointment of Valuer
  • Chapter 4: Valuation
  • Chapter 7: Requirements for Valuation of Specific Property Assets
6.00 pm End of Day One

PROGRAMME – DAY TWO

9.00 am GUIDELINES RELATED TO  ADVISORY SERVICES  AND ITS APPLICATIONS (CONT)

Prospectus Guidelines

  • Part I: General Requirements
  • Part II: Division 1- Equity
  • Part II: Division 2- Corporate Bonds and Sukuk
  • Part II: Division 3 – Structured Warrant
  • Part II: Division 5 – Abridged Prospectus
  • Part II: Division 6 – Supplementary and Replacement Prospectus
  • Part III: Procedures for Registration
  • Part IV: Prospectus Related Guidelines
    • Division 1- Plain Language Guide for Prospectus
    • Division 2- Electronic Prospectuses and Application Guidelines
    • Division 3- Advertising Guidelines

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 Investing Sukuk
  • Part F: Requirements for an Issuance of ASEAN Bonds and Sukuk
  • Part G: Requirements for an Issuance of Corporate Bonds and Sukuk Under the Qualified Issuer Framework
10.30 am Refreshment Break
11.00 am 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

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

Guidelines on Issuer Eligibility – Structured Warrants

  • General
  • Eligible Issuers of Structured Warrants
  • Requirements on Issuers
  • Supervisory Action
  • Submission of Declaration
1.00 pm Lunch Break
2.00 pm 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
4.00 pm Break
4.15 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

  • Chapter 2: General
  • Chapter 3: Admission
  • Chapter 4: Advisers
  • Chapter 5: New Issues of Securities
  • Chapter 6: Continuing Listing Obligations
  • Chapter 7: Transactions
  • Chapter 8: Suspension, De-Listing and Enforcement
6.00 pm End of Day Two

Recommended for you

Training
Capital Market Director Program
03
Mar 2020
Training
Capital Market Director Program
Training
Innovation
05
Feb 2020
Claimable
10 CPE
Blockchain Applications in Capital Markets
5 February 2020

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Innovation
Claimable
10 CPE
05
Feb 2020
Blockchain Applications in Capital Markets

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail
Training
Behavioural
12
Feb 2020
Claimable
10 CPE
Developing a Positive Mindset: The Key to Work Life Balance
12 February 2020

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Behavioural
Claimable
10 CPE
12
Feb 2020
Developing a Positive Mindset: The Key to Work Life Balance

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail

View SIDC Calendar

View FAQ

Download
SIDC – Delivering Professional Excellence