Page 186 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

AuTHoRIsATIoN

ANd LIceNsINg

The number of licensed intermediaries including There was a significant increase in the number of
individual licensees stood at 242 compared with Marketing Representatives that were registered,
236 in previous year. The number of licensed increasing from 320 to 541 as at December 2018.
representatives increased marginally to 9,587 The number of registered Trading Representatives
compared with 9,545 in previous year. During declined slightly to 126 compared to 139 in the
the year, 805 new licensees were issued Capital previous year.
Markets Services Representative’s Licence (CMSRLs)
to undertake various regulated activities. Advisory In 2018, a total of 7 new licences were issued
segment continues to attract new entrants, of which 5 were issued to companies for fund
particularly financial planning. management and 2 to companies for financial
planning activities. The SC continues to see interest
During the year, the SC liberalised the Continuous in the fund management and financial planning
Professional Education Framework (CPE Framework) segments. There was interest for digitisation in the
to allow greater flexibility and greater avenue to fund management segment. In respect of cessation
collect CPE points. The enhanced CPE framework of activities, 1 Capital Markets Services Licence
incorporates key changes such as wider selection (CMSL) had ceased due to business realignment and
of learning mode, flexible CPE points award inability to sustain its business.
system that recognises educational contributions
by experienced personnel. The new Guidelines As at 31 December 2018, there were 242 CMSL
on Compliance with the Continuing Professional holders carrying out various regulated activities as
Education (CPE) Requirement took effect on defined under Schedule 2 of the CMSA. (Table 1)
1 August 2018.

176 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

NEW_90-222.indd 176 2/21/19 9:30 AM