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There are four modules to this qualification, covering the following topics:

Module I: The Regulatory Framework and Structure of the Malaysian Financial Markets

Part A-I: The Code of Conduct

  • Code of Conduct for Malaysia Wholesale Financial Markets

Part A-II: The Model Code (The International Code of Conduct and Practice for the Financial Markets)

  • Business Hours and Personal Conduct
  • The Front Office — Dealers and Dealing Practices
  • The Middle Office Practice
  • The Back Office — Trade Standards and Practices
  • Use of Technology and General Security

Part B: Acts and Guidelines

  • The Acts
  • Guidelines on Investor Protection
  • Anti-Money Laundering and Anti-Terrorism Financing
  • Malaysia Deposit Insurance System
  • Introduction of New Products
  • Foreign Currency (FCY) Denominated Debentures and Islamic Securities
  • Sales Practices of Unlisted Capital Market Products
  • Lodge and Launch Framework
  • Corporate Bonds and Sukuk for Retail Investors

Part C: Financial Market Structure and Bank Negara Malaysia Policy Framework

  • Malaysian Financial System
  • Structure of the Wholesale Market
  • Bank Negara Malaysia (BNM) Monetary Policy Framework and Foreign Exchange Administration

Module II: The Money Market

  • Overview of Financial Markets
  • Functions of Money Markets
  • Interbank Money Market
  • Overview of Time Value of Money
  • Reserve and Liquidity Requirements
  • Pricing of Loans and Deposits
  • Money Market Instruments
  • Fixed Income Instruments
  • Money Market Management and Strategies
  • Introduction to Islamic Money Market

Module III: The Foreign Exchange Market

  • Introduction to the Foreign Exchange (FX) Market
  • Role of Central Banks in Currency Markets
  • Risks in Foreign Exchange
  • Foreign Exchange Mechanics and Applications
  • Foreign Exchange Mathematics and Applications
  • The Forward and Swap Market
  • Technical and Fundamental Analysis

Module IV: Risk Management and Basic Derivatives

  • Introduction to Financial Risk Management
  • Major Types of Risk: Definition, Causes, Risk Measurement and Control
  • Introduction to Derivatives
  • Products: Basic Derivatives
  • Structured Products: Definition, Main Features, Uses, Mechanics and Application