Jointly awarded by:
Persatuan Pasaran Kewangan Malaysia (PPKM) The Persatuan Pasaran Kewangan Malaysia (PPKM) (ACI�Malaysia) was established in 1974 with the objective of providing an association for those who are actively engaged in the wholesale foreign exchange and money market in Malaysia. Besides offering a platform for social and friendly contact among its members, PPKM is also actively involved in education to develop and enhance the knowledge and skills of members. PPKM has six categories of membership: Provisional, Broker, Affiliate, Ordinary, International and Associate and may invite any person to become an Honorary Member. In its effort to upgrade members’ knowledge and skills, PPKM has, since December 1995, imposed qualifying examinations for its new members. Members must now pass the four modules of the Sijil Pasaran Kewangan Malaysia (Malaysian Financial Markets Certificate/Pasaran Kewangan Malaysia Certificate or PKMC) before they are licensed to participate in the interbank foreign exchange and money market. PPKM also organises talks, seminars, conferences, meetings and related gatherings for its members and the general public to improve and update their knowledge.
The other main objective of PPKM is to constantly review the techniques and practices in the foreign exchange and money markets in order to develop, improve and maintain high standards comparable to international practices and techniques. It also liaises and seeks affiliation with associations and bodies in foreign countries with similar objectives and participates in international forum related to the foreign exchange and money market.
PPKM Contact Details: 18, Lorong 6A/91, Taman Shamelin Perkasa, 56100 Kuala Lumpur, Malaysia. T (603) 9282 0728 / 9282 3728 F (603) 9282 3616 E [email protected]
What will you learn?
Investor Protection Professional Certification (IPPC)
Be empowered to instil investor confidence
• The market structure which includes the Malaysian financial markets, the market participants and the relevant regulatory authorities • The laws and regulations governing the dealing of unlisted debt securities and structured products • Know�your�client and fair client dealing practices • Financial needs analysis • The features/characteristics of the products involved and associated risks
Investor protection and investment education go hand in hand in the prevention of investment fraud. This programme is specifically designed for banking personnels involved in the selling and marketing of structured products and unlisted debt securities to meet the regulatory requirements under the Guidelines on Investor Protection. This specialised qualification, jointly awarded by Persatuan Pasaran Kewangan Malaysia (PPKM) and Asian Institute of Chartered Bankers (AICB), aims to ensure the individuals in the identified roles continue to uphold the highest professional standards of professionalism in preserving market integrity and promoting assurance in the capital market. Consequently, instilling investor confidence.
This qualification equips you with the knowledge and understanding of:
Are you eligible? To register for this qualification, you must first be accepted as a member of PPKM.
What are the four areas of study?
• Market Structure • Laws and Regulations • Know�Your�Client and Financial Needs Analysis • Products
For more details, please visit www.aicb.org.my, email [email protected]
or call AICB at (603) 2095 6833.
RM1, 060 RM212
Perbadanan Insurans Deposit Malaysia 1.4.1 What is deposit insurance? 1.4.2 Types of products covered
SECTION 2: GUIDELINES ON INVESTOR PROTECTION, LAW AND REGULATIONS (30%) 2.1 BNM/SC: Guidelines on Investor Protection (GIP) 2.1.1 Issuers 2.1.2 Applicability 2.1.3 Purpose of guidelines 2.1.4 Scope of activities by registered persons – Sections 76, 91, 92, 93 and 97 of CMSA 2.1.5 Standard on ‘Fit and Proper’ – Sections 8, 10, 11, 12, 13 of GIP 2.1.6 Examination Requirements – Examination modules; Schedule 2 and 4 of CMSA 2.1.7 Continuing Professional Education Requirements 2.2
Acts and Guidelines 2.2.1 Financial Services Act 2013 (FSA) (a) Section 133 (Secrecy) (b) Section 134 (Permitted Disclosures) (c) Penalties for non�compliance with these provisions 2.2.2 Islamic Financial Services Act 2013 (IFSA) (a) Section 145 (Secrecy) (b) Section 146 (Permitted Disclosures) (c) Penalties for non�compliance with these provisions 2.2.3 Capital Markets and Services Act 2007 (a) Section 92 (b) Section 93 (c) Section 94 (d) Section 97 (e) Section 178 (f) Section 179(c) (g) Section 232 (h) Section 255 (i) Section 362(3) (j) Schedule 2 (Regulated activities) (k) Schedule 4 (Registered persons) 2.2.4 SC: Guidelines on Sales Practices of Unlisted Capital Market Products (a) Purpose of the guidelines (b) Treating investors fairly (c) Product Highlight Sheet (d) Suitability of assessment 2.2.5 Anti�Money Laundering and Anti�Terrorism Financing Act 2001 (a) Statutory responsibilities borne by a financial institution as a Reporting Institution (b) Penalties imposed for breaches
2.2.8 2.2.9 2.2.10 2.2.11 2.2.12
BNM UPW/GP1 – Standard Guidelines on AML/CFT BNM UPW/GP1(1) – Sectorial Guidelines on AML/CFT for banks and financial institutions SC: Guidelines on AML Malaysia Deposit Insurance Corporation Act 2011 Guidelines on Disclosure of Deposit Insurance Information Guidelines on Introduction of New Products (a) Section 7 (Fair treatment of customers) SC: Guidelines on the Offering of Structured Products (a) Section 1 (Introduction) (b) Section 7 (Requirement for disclosure) (c) Section 8 (Suitability & fair dealing requirements) BNM: Guidelines on Product Transparency and Disclosures (a) General policy requirements (b) Deposit products and investment products under Schedule I & II SC: Guidance Notes on Secondary Trading of FCY Denominated Debentures and FCY Denominated Islamic Securities (a) Section 2 (Definition of "sophisticated" investor) (b) Section 5 (Fair dealing) SC: Guidelines on Private Debt Securities (a) Purpose of the guidelines (b) Responsibility of Issuer and Principal Adviser (c) Disclosure of material information (d) Retail Private Debt Securities SC: Guidelines on Sukuk (a) Purpose of the guidelines (b) Responsibility of Issuer and Principal Adviser (c) Disclosure of material information (d) Retail Sukuk
Foreign Exchange Administration Rules 2.3.1 Notice 3 – Investment in Foreign Currency (previously ECM 9) (a) Definition of investments abroad (b) Rules on source of funds for such investments and the registration requirements 2.3.2 Notice 4 – Payments (previously ECM 7) (a) Foreign Currency Account (FCA) (b) Payments and Receipt in Ringgit (c) Payments and Receipt in Foreign Currency
SECTION 3: KNOW�YOUR�CLIENT AND FINANCIAL NEEDS ANALYSIS (15%) 3.1 Understanding the Client (Know�Your�Client) and Due Diligence
Risk Profiling and Client Suitability
Fair Client Dealing and Misrepresentation
Code of Conduct for Employees
SECTION 4: PRODUCTS (40%) 4.1 Debt Securities 4.1.1 Introduction on debt securities (a) Definition of debt securities, background of the market and importance of bonds (capital raising/investments) 4.1.2 Types of fixed income securities in Malaysia (a) Straight bonds (b) Floating rate bonds (c) Zero coupon bonds (d) Callable bonds (e) Commercial papers 4.1.3 Characteristics of bonds (a) Par values/face values and bond proceeds (b) Term to maturity (c) Coupon rate and calculation (d) Trustee and trust deed (e) Yield 4.1.4 Considerations when investing in bond (a) Credit rating (b) Maturity (c) Yield (d) Call or conversion (e) Tax 4.1.5 Risk of investing in bonds 4.1.6 Factors affecting interest rates (a) Supply and demand (b) Economic factors (c) Government and central bank policies (d) Market expectation and psychology (e) International political events 4.2
Structured Investments 4.2.1 Introduction 4.2.2 Types of structured products 4.2.3 Characteristics of structured products (a) Principal repayment (b) Payoff structures (c) Participation rate (d) Pre�termination (e) Secondary market (f) Comparison of structured investments against other investments
4.2.4 Basic building blocks of a structured investment 4.2.5 Underlying assets and examples (a) Equities (b) Stocks and indices (c) Commodities (d) Currencies (e) Interest rates (f) Fixed income securities (g) Real estate (h) Hybrids 4.2.6 Risks (a) Credit risk (b) Mismatch risk (c) Market risk (d) Legal risk (e) Liquidity risk (f) Currency risk (g) Option risk (h) Tax risk 4.2.7 Legal documents (a) Structured Products – Master Agreement, Product Agreement, Product Disclosure Sheet, Risk Disclosure Statement, Customer Suitability Questionnaire (b) NIDs – NID application form, Product Disclosure Sheet, Risk Disclosure Statement, Customer Suitability Questionnaire
Be AICB Qualified Asian Institute of Chartered Bankers (AICB) upholds the standards of excellence for the financial services sector to empower its workforce, through systematic transfer of knowledge and qualifications. AICB offers industry�focused professional qualifications both through its own curriculum and through collaboration with renowned institutions locally and abroad, to transfer international best practices and standards. AICB designs, develops and delivers professional qualification programmes to equip participants with the qualification and recognition needed for career advancement in an evolving environment. An AICB qualification elevates your status as a banking professional on par with the world’s best.
ONLINE LEARNING accessible • convenient • borderless Available for Members now! Membership Registration
For more information, visit www.aicb.org.my or email [email protected]
Asian Institute of Chartered Bankers (formerly known as Institut Bank�Bank Malaysia) Wisma IBI, 5 Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur, Malaysia. T (603) 2095 6833
F (603) 2095 2322
E [email protected]
Asian Institute of Chartered Bankers