The Securities Commission Malaysia (SC) is a self-funding statutory body that regulates and supports the development of the securities and derivatives markets in Malaysia. The Securities Industry Development Corporation (SIDC) provides capital markets training and administers the SC Licensing Examinations.
Requirements to Practice
Capital Markets Services Representatives License (CMSRL) applicants and candidates for head of operations, head of compliance or compliance officer are required to pass exams specified in the Licensing Handbook (PDF).
In addition, individuals who intend to be employees of registered persons who perform the regulated activities described in Part 1 of Schedule 4 of the Capital Markets and Services Act of 2007 (PDF) are required to pass exams outlined in the Guidelines on Investor Protection (PDF).
CFA charterholders are waived from four licensing examinations:
- Module 7 - Financial Statement Analysis and Asset Valuation
- Module 10 - Asset and Funds Management Module
- Module 12 - Investment Management and Corporate Finance
- Module 14 - Futures and Options*
*For Module 14, CFA charterholders will be required to complete a two-day preparatory course provided by the SIDC.