read the licensing handbook 2

u can find it in the Securities commission web site.

find > dealing in securities> capital market services representative...

For examination...

go to SC sub web site which is the SIDC web page ...

u will find the requisite modules to take.

For CFP refer Financial Planning - this is also govern by SC but under financial planning.

if u want to deal in any capital market products u wuill need to take an exam by SC in order to become a license representative. thats why i said u shu check the licensing handbook for details.

btw (check out the licensing handbook for further details)

http://sc.com.my/eng/html/cmsa/handbook.html

CFA is a pre-requisite for Fianancial Planners which is also a product offered by the Capital Market under "Financial Planning".

For ANY Capital Market products which includes:
Financial Planning
Dealing in Securities
Dealing in Futures
Fund Management
corporate Finance
Investment advise

All this you will need to take an EXAM which is MANDATORY before license will be issued to you PROVIDED your attached with a Trading Participant (or other institutions) or u can be a local participant

For Dealing in Securities:

You will need aDegree from any recognized University by the Malaysian Gov and than you can sign up as a Remisier.

Read page 33 & 34 of the licensing HB.. fore requirements.

This post has been edited by aurora97: Nov 18 2008, 12:43 PM

FYI

There's no more diffrentiation between DR and Remisier after 27th sep 2007, all r now known as Capital Market Services Representative (CMSRL) u will see this title in your license certificate given to you by SC or ur respective licensing dept.

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Added on November 18, 2008, 12:47 pmRemisiers dont get any basic wages...

if u check in the bursa rules, if i am not mistaken its 60:40 profit sharing basis...

For Remsiers only!

(will post the reference once i find it)

Bursa Rurles check 310.2 for Securities

This post has been edited by aurora97: Nov 18 2008, 12:56 PM

nolah not like that, client actually can move their account any time one...

if ur remisier dont sign also got ways to make him sign also, alot of ways to do it.

Correction CMSR is actually = CMSA Capital Market Services Act 2007.

Is a pre-requisite does not exclude a CFA orMBA from the Exam, the person will still have to take it.

Scenario 1
I suggest you make an enquiry with the relevant bank see whetehr they r accepting anymore Commission Dealers.

Than...

You can choose to take the SC exam first...
> Module 6 n 7 (most common)
> u can find all the materials with SC.

Than...

If u have found a bank that is accepting ComDealers proceed to licensing dept.

Fees (this part u will need to chech)
Bursa Annual Membership Fee
SC Annual Licensing Fee
CPE courses (fee variable, in-house is cheaper but dependin)
Deposit, if ur new Remisier you may be required to deposit X amt (i think the standard is RM 50,000 or Rm 30,000) dpendin on risk factor i.e. u.