Investor Protection Professional Certification (IPPC)
What is Investor Protection Professional Certification (IPPC)?
The Investor Protection Professional Certification (IPPC) is a certification jointly awarded by AICB with ACI – Financial Markets Association of Malaysia (FMAM) and is designed for employees of registered persons (as defined in the Guidelines on Investor Protection, jointly issued by Bank Negara Malaysia and the Securities Commission) involved in the selling and marketing of structured products and unlisted debt securities to meet the regulatory requirements under the above mentioned Guidelines.
All candidates registering for the IPPC must first be accepted as a member of ACI-FMAM. For ACI-FMAM membership registration or enquiries, please contact ACI-FMAM at +603-9282 0728 or +603-9282 3728 or via email, seccom33@gmail.com.
It is mandatory for all new candidates who register for this examination for the first time to attend and complete a structured 2-day preparatory workshop covering all study areas.
Syllabus Structure
Section 1: Market Structure (15%)
1.1 Structure of the Malaysian Financial System |
1.1.1 Foreign exchange and money markets 1.1.2 Capital Markets |
- Equity Market
- Debt Market
1.1.3 Commodities Markets
1.1.4 Derivatives Market
1.1.5 Conventional and Islamic Banking
1.1.6 Market Structure
- Exchange traded and over-the-counter market
- Onshore and offshore markets
- Primary and secondary markets
1.2 Market Participants1.2.1 Regulators
1.2.2 Financial Institutions
1.2.3 Dealers
1.2.4 Brokers
1.2.5 Investors
1.2.6 Speculators
1.2.7 Arbitragers
1.2.8 Rating Agency1.3 Regulatory Authorities
1.3.1 Bank Negara Malaysia
- Principle functions and objectives
- Monetary instruments in ensuring financial stability
1.3.2 Securities Commission
- Principle functions and objectives
- Securities Commission’s principles and standards
1.3.3 Bursa Malaysia Berhad
- Principle activities
- Regulatory approach/philosophy
1.4 Perbadanan Insurance Deposit Malaysia1.4.1 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)
2.2.2 Islamic Financial Services Act 2013 (IFSA)
2.2.3 Capital Markets and Services Act 2007
2.2.4 SC: Guidelines on Sales Practices of Unlisted Capital Market Products
2.2.5 Anti-Money Laundering and Anti-Terrorism Financing Act 2001
2.2.6 BNM UPW/GP1 – Standard Guidelines on AML/CFT
2.2.12 SC: Guidelines on the Offering of Structured Products
2.2.13 BNM: Guidelines on Product Transparency and Disclosures
2.2.14 SC: Guidance Notes on Secondary Trading of FCY Denominated Debentures and FCY Denominated Islamic Securities
2.2.15 SC: Guidelines on Private Debt Securities
2.2.16 SC: Guidelines on Sukuk
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2.3 Foreign Exchange Administration Rules |
2.3.1 Notice 3 – Investment in Foreign Currency (previously ECM 9)
2.3.2 Notice 4 – Payments (previously ECM 7)
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Section 3: Know Your Client and Financial Needs Analysis (15%)
3.1 Understanding the Client (Know Your Client) and Due Diligence |
3.2 Risk Profiling and Client Suitability |
3.3 Fair Client Dealing and Misrepresentation |
3.4 Risk Return Analysis |
3.5 Code of Conduct for Employees |
Section 4: Products (40%)
4.1 Debt Securities |
4.1.1 Introduction on debt securities
4.1.2 Types of fixed income securities in Malaysia
4.1.3 Characteristics of bonds
4.1.4 Considerations when investing in bond
4.1.5 Risk of investing in bonds 4.1.6 Factors affecting interest rates
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4.2 Structured Investments |
4.2.1 Introduction 4.2.2 Types of structured products 4.2.3 Characteristics of structured products
4.2.4 Basic building blocks of a structured investment 4.2.5 Underlying assets and examples
4.2.6 Risks
4.2.7 Legal documents
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Programme Fees
Workshop Fee (RM) (Inclusive of 6% Service Tax) |
Exam Fee (RM) (Inclusive of 6% Service Tax) |
Exam Re-sit Fee (RM) (Inclusive of 6% Service Tax) |
848 | 212 | 212 |
Enrolment
The new enrolment process, and registrations of seminars/workshops and examinations for the IPPC qualification is illustrated below:
Important Notes:
(a) A valid FMAM (PPKM) membership is mandatory to apply for this regulatory qualification.
(b) A candidate is not required to be a member of AICB to apply for this regulatory qualification.
Investor Protection Professional Certification (IPPC)
(a) Examination Format
Question Format | Multiple choice questions |
No. of Questions | 80 |
Duration of Exam | 2 hours |
Pass Mark | 70% |
Examination Type | Closed book. Online examination. |
(b) Grade Bands
Grade Band | Marks |
Pass | 70% – 100% |
Fail 1 | 60% – 69% |
Fail 2 | 40% – 59% |
Fail 3 | 20% – 39% |
Fail 4 | 0% – 19% |
(c) Four study areas will be assessed
Section 1 – Market Structure
Section 2 – Guidelines on Investor Protection, Law and Regulations
Section 3 – Know-Your-Client and Financial Needs Analysis
Section 4 – Products
QUALIFICATION ENROLMENT & EXAMINATION SCHEDULE FOR 2020
INVESTOR PROTECTION PROFESSIONAL CERTIFICATION (IPPC)
ACTIVITY |
EXAM SITTING | |
SEPTEMBER 2020 (RESCHEDULED FROM JUNE 2020) |
DECEMBER 2020 | |
Application Submission Closing Date (New Applicant) |
18 May 2020 (Monday) |
3 August 2020 (Monday) |
Workshop Registration and Payment Closing Date / L & D Sponsorship Approval Closing Date for New Applicant |
1 June 2020 (Monday) |
17 August 2020 (Monday) |
Exam Registration and Payment Closing Date / L & D Sponsorship Approval Closing Date for New Applicant |
20 July 2020 (Monday) |
1 September 2020 (Tuesday) |
Registration Closing Date for Re-Sit Candidate | — | 9 November 2020 (Monday) |
Virtual Workshop Dates | Group 1 1, 2 , 3, 6 July 2020 9am – 12pm (Wednesday, Thursday, Friday, Monday) (FULL)Group 2 7, 8, 9 10 July 2020 9am – 12pm (Tuesday, Wednesday, Thursday, Friday) (FULL)Group 3 13, 14, 15, 16 July 2020 9am – 12pm (Monday, Tuesday, Wednesday, Thursday) (FULL)Group 4 20, 21, 22, 23 July 2020 9am – 12pm (Monday, Tuesday, Wednesday, Thursday) (FULL) Group 5 Group 6 |
Group 1 1, 2 , 5, 6 October 2020 9am – 12pm (Thursday, Friday, Monday, Tuesday)Group 2 12, 13, 14, 15 October 2020 9am – 12pm (Monday, Tuesday, Wednesday, Thursday)Group 3 19, 20, 21, 22 Oct 2020 9am – 12pm (Monday, Tuesday, Wednesday, Thursday)Group 4 26, 27, 28, 30 Oct 2020 9am – 12pm (Monday, Tuesday, Wednesday, Thursday)
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Online Exam Dates | 1 to 30 September 2020 | 1 to 20 December 2020 |
Exam Result Release Date | 16 October 2020 (Friday) (Release on the week of 26 October 2020) |
25 January 2021 (Monday) |
Note : The examination date displayed in the Member Portal is for registration purposes only. The online examination will be carried out for a period of one month (24 hours a day, 7 days a week, subject to availability) in Pearson VUE. Candidate can book an exam session in Pearson VUE on a date and time within the examination period stated in the schedule above.
QUALIFICATION ENROLMENT & EXAMINATION SCHEDULE FOR 2021
INVESTOR PROTECTION PROFESSIONAL CERTIFICATION (IPPC)
ACTIVITY | EXAM SITTING | |||
APR 2021 | MAY 2021 | JUN 2021 | JUL 2021 | |
Application Submission Closing Date for New Applicant | 5 Feb 2021 | 5 Feb 2021 | 28 Feb 2021 | 30 Mar 2021 |
Exam Registration and Payment Closing Date / L & D Approval Sponsorship Closing Date for New Applicant | 28 Feb 2021 | 28 Feb 2021 | 30 Mar 2021 | 30 Apr 2021 |
Exam Registration and Payment Closing Date / L & D Sponsorship Approval Closing Date for RE-SIT Candidate | 28 Feb 2021 | 30 Mar 2021 | 30 Apr 2021 | 30 May 2021 |
Online Exam Dates | 1 – 30 Apr 2021 | 1– 31 May 2021 | 1 – 30 Jun 2021 | 1– 31 Jul 2021 |
Exam Result Release Date | 25 May 2021 | 25 Jun 2021 | 26 Jul 2021 | 25 Aug 2021 |
ACTIVITY | EXAM SITTING | ||||
AUG 2021 | SEP 2021 | OCT 2021 | NOV 2021 | DEC 2021 | |
Application Submission Closing Date for New Applicant | 30 Apr 2021 | 30 May 2021 | 30 Jun 2021 | 30 Jul 2021 | 30 Aug 2021 |
Exam Registration and Payment Closing Date / L & D Approval Sponsorship Closing Date for New Applicant | 30 May 2021 | 30 Jun 2021 | 30 Jul 2021 | 30 Aug 2021 | 30 Sep 2021 |
Exam Registration and Payment Closing Date / L & D Sponsorship Approval Closing Date for RE-SIT Candidate | 30 Jun 2021 | 30 Jul 2021 | 30 Aug 2021 | 30 Sep 2021 | 30 Oct 2021 |
Online Exam Dates | 1 – 31 Aug 2021 | 1 – 30 Sep 2021 | 1 – 31 Oct 2021 | 1 – 30 Nov 2021 | 1 – 31 Dec 2021 |
Exam Result Release Date | 24 Sep 2021 | 25 Oct 2021 | 25 Nov 2021 | 24 Dec 2021 | 25 Jan 2022 |
Important Notes:
- AICB reserves the right to cancel, suspend, interrupt or reschedule any examinations and will not be liable for any claims, actions, costs, charges, expenses, damages, losses and liabilities due to the cancellation/deferment of these examinations.
- Please adhere to the closing dates above to avoid any delays in the enrolment or registration process.