SC Licensing Exam case studies

The Securities Commission Malaysia (SC) is the statutory regulator of the Malaysian capital market, established on 1 March 1993 under the Securities Commission Act 1993 (SCA). The Capital Markets and Services Act 2007 (CMSA), which took effect on 28 September 2007, repealed the Securities Industry Act 1983 (SIA) and the Futures Industry Act 1993 (FIA) and introduced a single licensing regime for capital market intermediaries. Under that regime, an intermediary needs only one licence to carry on the business in any one or more regulated activities: dealing in securities, dealing in derivatives, clearing for securities or derivatives, fund management, dealing in Private Retirement Scheme, advising on corporate finance, investment advice, and financial planning. Licensing exists to ensure an adequate level of investor protection, including safeguards against default or insolvency of market intermediaries, and to instil confidence that firms and people treat investors fairly and are efficient, honest and financially sound. The SC Licensing Exam case studies are 5 cases and about 3,046 words.