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SC LICENSING EXAMINATIONS

SIDC serves as a one-stop examination centre for those seeking to be licensed by SC, those seeking to hold a position as head of operations, Head of Compliance or Compliance Officer and those who intend to be employees of registered persons who carry out the regulated activities specified in the Part 1 of Schedule 4 of the Capital Markets & Services Act 2007 (permitted capital market activities). The SC Licensing Examinations are designed to set a minimum standard of competency required of individuals who wish to act as intermediaries in the Malaysian capital market.
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There are three levels of cognitive skills being tested, namely knowledge, comprehension, and application and analysis. The knowledge level requires studying, absorbing and recalling the memorised information. The level of comprehension requires an ability to grasp and understand the meaning of the principles or concepts for each subject. And finally, the application and analysis level which is the highest level of cognitive skills for licensing examinations, tests the candidate’s ability to relate and apply the acquired information in market practices.

Currently, there are 13 modules of examinations being offered.

Examination-related reference materials can be purchased from the  SIDC e-SHOP.

NOTICE

Candidates sitting for the licensing examinations are reminded that all Examination Study Guides published are correct at the time of print. Candidates are advised, however, to keep themselves updated as the licensing examinations will reflect the latest information.

In reference to changes on rules and regulations:

  • Changes and amendments to the business rules and listing requirements can be obtained from the Bursa Malaysia website.
  • Changes to guidelines issued by the SC are announced via press releases and the SC website.

DETAILS ON THE SC LICENSING EXAMINATIONS

EXAMINATION eGUIDE / STUDY UPDATE / STUDY OUTLINE / ADDITIONAL READING MATERIAL

Modules

6 Module 6

Module 6: Stock Market and Securities Law

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the rules and regulations governing the Malaysian equity market. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Market Services Representative’s Licence (CMSRL) to carry on the regulated activity of dealing in securities;
  2. intend to hold the following positions in  a firm which is a holder of a Capital Markets Services Licence (CMSL), for carrying on the business of dealing in securities:
    • Head of Operations
    • Head of Compliance
    • Compliance Officer;
  3. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 1 of Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 6: Stock Market Securities Law (eGuide) – Click Here
  Prescribed Reference Material
  1. Securities Commission Act 1993
  2. Capital Markets and Services Act 2007
  3. Rules of Bursa Malaysia Securities Berhad
  4. Bursa Malaysia Securities Berhad Participating Organisations’ Trading Manual
  5. Rules of Bursa Malaysia Securities Clearing Sdn Bhd
  6. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  7. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  8. Guidelines on Market Conduct and Business Practices for Stockbrokers and Licensed Representatives
  9. Guidelines on Conduct for Capital Market Intermediaries
  10. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
  11. Guidance Note on Provision of Investment Advice
  12. Bursa Malaysia Securities Berhad Main Market Listing Requirements
  13. Bursa Malaysia Securities Berhad ACE Market Listing Requirements
  14. Bursa Malaysia Securities Berhad LEAP Market Listing Requirements
  15. Licensing Handbook
LINKS

Module 7: Financial Statement Analysis and Asset Valuation

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. Module 7 is designed to convey the essentials of financial statement analysis, fixed income and equity securities and markets in the context of investment analysis at undergraduate level. For purposes of entry-level licensing examinations, the target audience for this study guide is invariably wide. It is hoped that certain introductory areas would familliarise the newcomer to the accounting, financial mathematics and investment analysis scene, providing the basics for a sound foundation in these areas of study. On the other hand, areas concerning, for example, important issues in the theory and concepts, limitations of methods used, problems of comparability and how they arise, are available to point out the necessity for adjustments to be made before intra-company and inter-company comparisons. The latter are considered as ‘refreshers’ for those initiated in one or another of the areas of study in the guide. This examination is designed to test the candidate’s knowledge and understanding of the Malaysian capital market. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Market Services Representative’s Licence (CMSRL) to carry on the regulated activity of dealing in securities;
  2. intend to hold the following positions in  a firm which is a holder of a Capital Markets Services Licence (CMSL), for carrying on the business of dealing in securities:
    • Head of Operations
    • Head of Compliance
    • Compliance Officer;
  3. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 1 of Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 7: Financial Statement Analysis and Asset Valuation (eGuide) – Click Here

Module 9: Funds Management Regulation

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to the test candidate’s knowledge and understanding of the rules and regulations governing the Malaysian fund management industry. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activity of fund management in relation to portfolio management;
  2. intend to hold the position of compliance officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of fund management in relation to portfolio management;
  3. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 4, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 9: Funds Management Regulation (eGuide) – Click Here
  Prescribed Reference Material
  1. Capital Markets and Services Act 2007
  2. Securities Commission Malaysia Act 1993
  3. Licensing Handbook
  4. Guidelines on Compliance Function for Fund Management Companies
  5. Guidelines for Public Offerings of Securities of Closed-end Funds
  6. Guidelines on Conduct for Capital Market Intermediaries
  7. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  8. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  9. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
  10. Lodgement Kit: Unlisted Capital Market Products under the Lodge and Launch Framework
  11. Guidelines on Unit Trust Funds
  12. Guidelines on Sales Practices of Unlisted Capital Market Products
  13. Guidelines on Exchange-Traded Funds
  14. Guidelines on Islamic Fund Management
  LINKS

Module 10: Asset and Funds Management

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to the test candidate’s knowledge and understanding of the rules and regulations governing the Malaysian fund management industry. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Market Services Representative’s Licence (CMSRL) to carry on the regulated activity of fund management;
  2. intend to hold the position of compliance officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of fund management;
  3. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 4, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide – Module 10: Asset and Funds Management (eGuide) – Click Here

Module 11: Fundamentals of Compliance

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding on the concepts and rules and regulations pertaining to the compliance function. It is one of the examinations to be passed by individuals who intend to hold the position of Head of Compliance or Compliance Officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) carrying on the following regulated activities:
  • dealing in securities;
  • dealing in derivatives; or
  • fund management in relation to portfolio management.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
  1. intend to apply for a Capital Market Services Representative’s Licence (CMSRL) to carry on the regulated activity of fund management;
  2. intend to hold the position of compliance officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of fund management;
  3. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 4, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
REFERENCES   eGuide
  • Module 11: Fundamentals of Compliance (eGuide) – Click Here
  Prescribed Reference Material
  1. Bursa Malaysia Securities Berhad Guidelines for Compliance Function for Participating Organisations (Appendix 1)
  2. Bursa Malaysia Derivatives Berhad Guidelines for Compliance Functions for Trading Participants
  3. Guidelines on Compliance Function for Fund Management Companies
  4. Guidelines on Unit Trust Funds
  5. Guidelines on Market Conduct and Business Practices for Stockbroking Companies and Licensed Representatives
  6. Guidelines on Conduct for Capital Market Intermediaries
  7. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  8. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  9. Guidance Note on Provision of Investment Advice
  10. Rules of Bursa Malaysia Securities Berhad
  11. Bursa Malaysia Securities Berhad Participating Organisations’ Directives and Guidance
  12. Rules of Bursa Malaysia Derivatives Berhad
  13. Trading Participants’ Directives and Guidance
LINKS

Module 12: Investment Management and Corporate Finance

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the financial issues relevant to the investment advisory and corporate finance services in the Malaysian capital market. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on any of the following regulated activities:
    • Advising on corporate finance;
    • Investment advice;
  2. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Items 2 and 3, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
 
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 12: Investment Management and Corporate Finance (eGuide) – Click Here
  LINKS

Module 14: Futures and Options (Module 14: Derivatives – Effective January 2018)

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of futures and options in Malaysia. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activity of dealing in derivatives;
  2. intend to hold the position of Compliance Officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of dealing in derivatives.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 14: Derivatives (eGuide) – Click Here
  Prescribed Reference Material
  1. Additional Reading Material on Gold Futures Contract
  2. Additional Reading Material on USD RBD Palm Olein Futures Contract
LINKS

Module 16: Rules and Regulations of Futures and Options (Module 16: Rules & Regulations of Derivatives – Effective January 2018)

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the rules and regulations governing the Malaysian futures and options market, the overall structure of the futures and options market and the Rules of Bursa Malaysia Derivatives Berhad. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activity of dealing in derivatives;
  2. intend to hold the position of Compliance Officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of dealing in derivatives.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 16: Rules and Regulations of Derivatives (eGuide) – Click Here
  Prescribed Reference Material
  1. Capital Markets and Services Act 2007
  2. Securities Commission Malaysia Act 1993
  3. Rules of Bursa Malaysia Derivatives Berhad
  4. Bursa Malaysia Derivatives Berhad Trading Manual
  5. Licensing Handbook
  6. Guidance Note on Provision of Investment Advice
  7. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  8. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  9. Guidelines on Conduct for Capital Market Intermediaries
  10. Guidelines on Contracts for Difference
LINKS

Module 17: Securities and Derivatives Trading (Rules and Regulations)

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfill to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the Malaysian capital market. This is one of the dual-activity examination modules intended to facilitate individuals who wish to apply for a Capital Markets Services Representative’s Licence (CMSRL) to undertake both of the following regulated activities:
  • Dealing in securities; and
  • Dealing in derivatives.
It is also an alternate examination module to Module 6: Stock Market & Securities Law (one of the examination modules to be passed by (i) individuals who intend to apply for a CMSRL for the regulated activity of dealing in securities; or (ii) individuals who intend to hold the position of Head of Operations, Head of Compliance or Compliance Officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of dealing in securities; or (iii) individuals who intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 1, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007) and to Module 16: Rules and Regulations of Futures and Options (one of the examination modules for the regulated activity of dealing in derivatives). Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide   Prescribed Reference Material
  1. Securities Commission Malaysia Act 1993
  2. Capital Markets and Services Act 2007
  3. Rules of Bursa Malaysia Securities Berhad
  4. Bursa Malaysia Securities Berhad Participating Organisations’ Trading Manual
  5. Rules of Bursa Malaysia Derivatives Berhad
  6. Bursa Malaysia Derivatives Berhad Trading Manual
  7. Rules of Bursa Malaysia Securities Clearing Sdn Bhd
  8. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  9. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  10. Guidelines on Market Conduct and Business Practices for Stockbroking Companies and Licensed Representatives
  11. Guidelines on Conduct for Capital Market Intermediaries
  12. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
  13. Guidance Note on Provision of Investment Advice
  14. Guidelines on Contracts for Difference
  15. Bursa Malaysia Securities Berhad Main Market Listing Requirements
  16. Bursa Malaysia Securities Berhad ACE Market Listing Requirements
  17. Bursa Malaysia Securities Berhad LEAP Market Listing Requirements
  18. Licensing Handbook
LINKS

Module 18: Securities and Derivatives Trading (Products and Analysis)

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the Malaysian capital market. This is one of the dual-activity examination modules intended to facilitate individuals who wish to apply for a Capital Markets Services Representative’s Licence (CMSRL) to undertake both of the following regulated activities:
  • Dealing in securities; and
  • Dealing in derivatives
It is also an alternate examination module to Module 7: Financial Statement Analysis & Asset Valuation (one of the examination modules to be passed by (i) individuals who intend to apply for a CMSRL for the regulated activity of dealing in securities; or (ii) individuals who intend to hold the position of Head of Operations, Head of Compliance or Compliance Officer in a firm which is a holder of a Capital Markets Services Licence (CMSL) for carrying on the business of dealing in securities; or (iii) individuals who intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 1, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007) and to Module 14: Futures and Options (one of the examination modules for the regulated activity of dealing in derivatives). Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 7: Financial Statement Analysis and Asset Valuation (eGuide) – Click Here
  • Module 14: Futures and Options (eGuide) – Click Here
LINKS

Module 19: Advisory Services (Rules and Regulations)

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the rules and regulations governing advisory services in the Malaysian capital market. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activities of advising on corporate finance or investment advice;
  2. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Items 2 and 3 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 19: Legal Considerations and Code of Conduct (eGuide) – Click Here
  Prescribed Reference Material
  1. Capital Markets and Services Act 2007
  2. Licensing Handbook
  3. Equity Guidelines
  4. Guidelines on Submission of Corporate and Capital Market Product Proposals (New)
  5. Malaysian Code on Take-Overs and Mergers 2016
  6. Rules on Take-overs, Mergers and Compulsory Acquisitions
  7. Asset Valuation Guidelines
  8. Prospectus Guidelines
  9. Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
  10. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
  11. Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market
  12. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  13. Issuer Eligibility Guidelines – Structured Warrants
  14. Guidelines on Conduct for Capital Market Intermediaries
  15. Guidance Note on Provision of Investment Advice
  16. Bursa Malaysia Securities Berhad Main Market Listing Requirements
  17. Bursa Malaysia Securities Berhad ACE Market Listing Requirements
  18. Bursa Malaysia Securities Berhad LEAP Market Listing Requirements
LINKS

Module 19A: Advisory Services (Rules and Regulations) - Part A

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the rules and regulations governing advisory services in the Malaysian capital market. It is one of the examinations to be passed by individuals who:
  1. intend to apply for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activities of investment advice;
  2. intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 3 of Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates who intend to apply for a CMSRL to carry on the regulated activity of advising on corporate finance or who intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 2, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007 will need to pass this examination together with Module 19B: Advisory Services (Rules and Regulations) – Part B to be considered as having completed the rules and regulations examination. Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 19: Legal Considerations and Code of Conduct (eGuide) – Click Here
  Prescribed Reference Material
  1. Capital Markets and Services Act 2007
  2. Licensing Handbook
  3. Equity Guidelines
  4. Guidelines on Prevention of Money Laundering and Terrorism Financing for Capital Market Intermediaries
  5. Guidelines on Implementation of Targeted Financial Sanctions Relating to Proliferation Financing for Capital Market Intermediaries
  6. Malaysian Code on Take-Overs and Mergers
  7. Rules on Take-Overs, Mergers and Compulsory Acquisitions
  8. Guidelines on Conduct for Capital Market Intermediaries
  9. Guidance Note on Provision of Investment Advice
  10. Bursa Malaysia Securities Berhad Main Market Listing Requirements
  11. Bursa Malaysia Securities Berhad ACE Market Listing Requirements
  12. Bursa Malaysia Securities Berhad LEAP Market Listing Requirements
LINKS

Module 19B: Advisory Services (Rules and Regulations) - Part B

OVERVIEW Please read the materials in this section carefully before you begin your studies. It details the module objectives, the outline and the requirements you must fulfil to successfully complete the examinations. This examination is designed to test the candidate’s knowledge and understanding of the rules and regulations governing advisory services in the Malaysian capital market. Candidates will need to pass this examination together with Module 19A: Advisory Services (Rules and Regulations) – Part A to be considered as having completed the rules and regulations examinations:
  1. for an application for a Capital Markets Services Representative’s Licence (CMSRL) to carry on the regulated activity of advising on corporate finance;
  2. for those who intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 2, Part 1 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity.
REFERENCES   eGuide
  • Module 19: Legal Considerations and Code of Conduct (eGuide) – Click Here
  Prescribed Reference Material
  1. Equity Guidelines
  2. Guidelines on Due Diligence Conduct for Corporate Proposals
  3. Asset Valuation Guidelines
  4. Prospectus Guidelines
  5. Guidelines on Issuance of Corporate Bonds and sukuk to Retail Investors
  6. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
  7. Issuer Eligibility Guidelines – Structured Warrants
  8. Guidance Note on Provision of Investment Advice
LINKS
Effective from 1st March 2025 onwards, the examination fees for respective modules are as follows:

March – December 2025

MODULE DESCRIPTION FIRST SITTING & RE-SITTING
EXAMINATION FEE (RM) Applicable for Malaysian Resident EXAMINATION FEE (RM) Applicable for Non-Resident
6 Stock Market and Securities Law 1,000 2,200
7 Financial Statement Analysis and Asset Valuation 1,000 2,200
9 Funds Management Regulation 1,000 2,200
10 Asset and Funds Management 1,000 2,200
11 Fundamentals of Compliance 1,000 2,200
12 Investment Management and Corporate Finance 1,000 2,200
14 Derivatives 1,000 2,200
16 Rules & Regulations of Derivatives 1,000 2,200
17 Securities and Derivatives Trading (Rules and Regulations) 1,100 2,450
18 Securities and Derivatives Trading (Products and Analysis) 1,100 2,450
19 Advisory Services (Rules and Regulations) 1,000 2,200
19A Advisory Services (Rules and Regulations) – Part A 1,000 2,200
19B Advisory Services (Rules and Regulations) – Part B 1,000 2,200
This computer-based examination mock-up is intended to assist candidates in familiarising themselves with the format of the SIDC Assessment system. Candidates are encouraged to attempt the mock-up prior to their actual examinations.
The overall examination passing rates for the SC Licensing Examinations modules according to the relevant regulated activities are as follows: