Guides
Guides for finance professionals
Short, sourced explainers on the requirements behind your training.
PKMC exams
The four PKMC modules, registration and how to prepare.
PKMC exam guide: modules, format and fees
PKMC is the certificate ACI-FMAM requires of dealers and brokers: 4 modules, a 75% pass mark, RM1,000 per module, revised specs from 1 Dec 2026.
Read the guidePKMC Module 1: the regulatory framework module explained
PKMC Module 1 explained: the regulatory framework syllabus, topic weightings, the 100-question exam and what changes from 1 December 2026.
Read the guidePKMC Module 2: The Money Market explained
PKMC Module 2 (The Money Market): the 10 syllabus topics and weightings, the calculations to master, the exam format and the December 2026 changes.
Read the guidePKMC Module 3: The Foreign Exchange Market explained
PKMC Module 3 (The Foreign Exchange Market): the 7 syllabus topics, how weightings change from March 2027, the 80-question exam and how to prepare.
Read the guidePKMC Module 4: Risk Management & Basic Derivatives explained
PKMC Module 4 (Risk Management & Basic Derivatives): the 6 syllabus topics and weightings, the 80-question exam, the March 2027 changes and study tips.
Read the guidePKMC registration: FMAM membership, enrolment and exam booking
How to register for PKMC: FMAM (PPKM) membership, applying on the AICB Member Portal, enrolment, exam booking, fees, resits and the two-year time limit.
Read the guideSC licensing and SIDC CPE
Capital markets licences, the SC licensing exams and yearly CPE points.
SIDC CPE requirements explained
How many CPE points Malaysian CMSRL holders need each year, how points are earned and tracked, and what happens if you fall short.
Read the guideCMSRL requirements: who needs a licence and how to get one
You need a CMSRL to carry on regulated activities for a CMSL firm. Be 21+, pass the SC exam modules, apply via your firm and pay RM200 a year.
Read the guideSC licensing exam modules: which ones you need
The 13 SC licensing exam modules run by SIDC, which ones each regulated activity needs, question counts and pass marks, how to register and 2026 fees.
Read the guideCPE Tracker System: how to check your CPE points
How SIDC's CPE Tracker System records your CPE points, when course points appear, which points it does not show and what to do if points are missing.
Read the guideCPE for employees of registered persons (ERPs)
Who counts as an employee of a registered person, the 20-point yearly CPE requirement for ERPs, exam rules and how it differs from CMSRL holders.
Read the guideHRD Corp training claims
How employers pay the levy and fund training through HRD Corp.
How to claim HRD Corp claimable courses
How Malaysian employers claim HRD Corp training: who pays the levy, the Claimable Courses scheme, grant approval timing and the six-month claim rule.
Read the guideHRD Corp levy: who pays, how much and when
Who must register with HRD Corp, the 1% and 0.5% levy rates, which wages count, the monthly deadline, late interest and the two-year forfeiture rule.
Read the guideHRD Corp in-house training: schemes, timing and claimable costs
Minimum pax: 2 trainees face to face or 1 online; maximum 25 (technical) or 50 (soft skills). Training starts 14 days after approval. Caps and claim steps.
Read the guideHRD Corp grant application in e-TRiS, step by step
How to apply for an HRD Corp training grant in e-TRiS, what to attach, the five-day query rule, why grants fail and how to submit the claim after training.
Read the guideTopics for bank and finance teams
Rules and market basics that treasury, risk and compliance teams train on.
MACC Section 17A: corporate liability for corruption in Malaysia
Section 17A penalty: a fine of at least 10 times the bribe or RM1 million, whichever is higher, or up to 20 years' jail. The defence: adequate procedures.
Read the guideBNM's Climate Change and Principle-based Taxonomy (CCPT) explained
What BNM's Climate Change and Principle-based Taxonomy (CCPT) is, its five guiding principles, the C1 to C5 categories and who reports under it.
Read the guideMalaysian government securities and the bond market: MGS, GII and sukuk
What MGS, GII, Treasury bills and BNM Monetary Notes are, how corporate bonds and sukuk are issued, and how FAST and RENTAS support the market.
Read the guideStructured products in Malaysia: how the SC regulates them
How the SC regulates unlisted structured products in Malaysia: Lodge and Launch, eligible issuers, sophisticated investors, suitability and the PHS.
Read the guideDigital asset regulation in Malaysia: is crypto legal?
Is crypto legal in Malaysia? How the SC regulates digital assets as securities, registered exchanges, IEOs and custodians, and BNM's position on payments.
Read the guideLiquidity coverage ratio and NSFR: Bank Negara Malaysia's requirements
What the Liquidity Coverage Ratio and Net Stable Funding Ratio are, BNM's 100% minimums, HQLA rules and why treasury and ALM teams track them.
Read the guideMalaysian money market instruments: from interbank deposits to repos
Interbank deposits, NIDs, bankers' acceptances, AB-i, Treasury bills, BNM notes, repos and the Islamic interbank money market, and how RENTAS settles them.
Read the guideThe Overnight Policy Rate: how Bank Negara Malaysia sets and steers it
What the OPR is, how BNM's Monetary Policy Committee sets it, the MPC meeting dates, the ±25bp corridor and how the OPR feeds into the Standardised Base Rate.
Read the guideMYOR, MYOR-i and KLIBOR: Malaysia's move to overnight reference rates
What KLIBOR, MYOR and MYOR-i are, why BNM is ending KLIBOR after 31 December 2028, the transition milestones and what it means for loans and derivatives.
Read the guideMalaysia's Foreign Exchange Policy: onshore ringgit, hedging and foreign currency investment
How BNM's Foreign Exchange Policy works: onshore banks, Appointed Overseas Offices, hedging rules for residents and non-residents, and investment limits.
Read the guideInterest rate risk in the banking book: Bank Negara Malaysia's IRRBB proposals
BNM's IRRBB exposure draft: who it covers, governance, EVE and earnings measures, the six shock scenarios, the 15% outlier test and the expected timeline.
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