100+ Free SC Licensing Exam Practice Questions
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Key Facts: SC Licensing Exam Exam
MCQ exam
All SC Licensing Examination modules are computer-based multiple-choice questions (SIDC)
SIDC - A Guide on Preparing for the SC Licensing Examinations
30 questions / 60 min
Module 9 Funds Management Regulation has 30 questions in 60 minutes (SIDC)
SIDC - The SC Licensing Examinations
60 questions / 90 min
Module 19 Advisory Services has 60 questions in 90 minutes (SIDC)
SIDC - The SC Licensing Examinations
60% pass
Modules 7, 9 and 10 require a 60% passing mark (SIDC)
SIDC - The SC Licensing Examinations
70% pass
Module 19 Advisory Services requires a 70% passing mark (SIDC)
SIDC - The SC Licensing Examinations
RM400
Examination fee per module for Modules 7, 9, 10 and 19 (SIDC)
SIDC - Examination Fees table
2 years
An SC Licensing Examination pass is valid for two years from the exam date (SIDC)
SIDC - SCLE Terms and Conditions
Modules 9 & 10
Portfolio fund management licensing requires passing both Module 9 and Module 10 (Licensing Handbook)
Securities Commission Malaysia - Licensing Handbook
The SC Licensing Examination (SCLE) is SIDC's computer-based multiple-choice licensing exam for Malaysian capital-market professionals. Modules 7 and 19 each have 60 questions in 90 minutes; Modules 9 and 10 each have 30 questions in 60 minutes. The passing mark is 60% for Modules 7, 9 and 10 and 70% for Module 19, and each pass is valid for two years. The exam fee is RM400 per module for these four modules. This 100-question overview bank gives original revision practice spread across Modules 9, 10, 19 and 7.
Sample SC Licensing Exam Practice Questions
Try these sample questions to test your SC Licensing Exam exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under Module 9, which Act is the primary piece of legislation governing licensing of fund management activities in Malaysia?
2A person who wishes to carry on the regulated activity of fund management in relation to portfolio management as a representative must hold which licence?
3Which combination of SC Licensing Examination modules must a candidate pass to apply for a CMSRL in fund management relating to portfolio management?
4Which body administers the SC Licensing Examinations in Malaysia?
5A fund management company owes its clients a duty to act in the best interests of the client. This obligation is best described as a:
6Under SC guidelines, the practice of keeping client assets separate from the fund management company's own assets is known as:
7Which of the following is a regulated activity under Schedule 2 of the Capital Markets and Services Act 2007?
8A unit trust fund in Malaysia is established under which legal structure?
9In a unit trust structure, who is primarily responsible for safeguarding the assets of the fund and overseeing the manager?
10The Guidelines on Prevention of Money Laundering and Terrorism Financing require a capital market intermediary to verify the identity of its clients. This process is commonly called:
About the SC Licensing Exam Exam
The SC Licensing Examination (SCLE) is the multiple-choice licensing examination administered by the Securities Industry Development Corporation (SIDC) for individuals who intend to carry on regulated activities under the Capital Markets and Services Act 2007 in Malaysia, such as dealing in securities, fund management and advising on corporate finance. Candidates pass the specific module combination required for their regulated activity, as set out in the Securities Commission's Licensing Handbook. This overview bank focuses on four of the most-searched core modules: Module 9 (Funds Management Regulation), Module 10 (Asset and Funds Management), Module 19 (Advisory Services - Rules and Regulations) and Module 7 (Financial Statement Analysis and Asset Valuation). It is intended as general cross-module revision; per-module banks cover each module's syllabus in depth.
Assessment
This overview bank covers four core modules. Question counts in the real exam: Module 7 = 60, Module 9 = 30, Module 10 = 30, Module 19 = 60, all multiple choice and computer-based.
Time Limit
Time per real module: Module 7 = 90 minutes, Module 9 = 60 minutes, Module 10 = 60 minutes, Module 19 = 90 minutes.
Passing Score
Passing mark by module: 60% for Modules 7, 9 and 10; 70% for Module 19. Results are valid for two years from the examination date.
Exam Fee
RM400 per module (first sitting and re-sitting) for Modules 7, 9, 10 and 19. A performance analysis after a failed sitting costs RM75 per module. (Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia.)
SC Licensing Exam Exam Content Outline
Module 9 - Funds Management Regulation
Real module: 30 questions, 60 minutes, 60% pass, Level 1. Covers the CMSA 2007 and Securities Commission Act 1993, the Licensing Handbook, the duty and standard of care a fund management company owes its clients, the Guidelines on Compliance Function for Fund Management Companies, Guidelines on Unit Trust Funds and Exchange-Traded Funds, and AML/CFT obligations.
Module 10 - Asset and Funds Management
Real module: 30 questions, 60 minutes, 60% pass, Level 2. Covers the investment management process, investment policy statements, strategic and tactical asset allocation, diversification and modern portfolio theory, the capital asset pricing model, and portfolio performance measurement using the Sharpe, Treynor and Jensen measures.
Module 19 - Advisory Services (Rules and Regulations)
Real module: 60 questions, 90 minutes, 70% pass, Level 2. Covers the CMSA 2007, Licensing Handbook, Equity Guidelines, submission of corporate and capital-market product proposals, the Malaysian Code on Take-Overs and Mergers 2016, Asset Valuation Guidelines, Prospectus Guidelines, due-diligence and principal-adviser duties, and Bursa Malaysia listing requirements.
Module 7 - Financial Statement Analysis and Asset Valuation
Real module: 60 questions, 90 minutes, 60% pass, Level 1. Covers financial statement and ratio analysis, the time value of money, fixed-income pricing and yields, equity valuation models (dividend discount and price multiples), and the role of valuation in investment analysis.
How to Pass the SC Licensing Exam Exam
What You Need to Know
- Passing score: Passing mark by module: 60% for Modules 7, 9 and 10; 70% for Module 19. Results are valid for two years from the examination date.
- Assessment: This overview bank covers four core modules. Question counts in the real exam: Module 7 = 60, Module 9 = 30, Module 10 = 30, Module 19 = 60, all multiple choice and computer-based.
- Time limit: Time per real module: Module 7 = 90 minutes, Module 9 = 60 minutes, Module 10 = 60 minutes, Module 19 = 90 minutes.
- Exam fee: RM400 per module (first sitting and re-sitting) for Modules 7, 9, 10 and 19. A performance analysis after a failed sitting costs RM75 per module.
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
SC Licensing Exam Study Tips from Top Performers
Frequently Asked Questions
Who administers the SC Licensing Examination?
The SC Licensing Examination (SCLE) is administered by the Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia. It is a computer-based multiple-choice examination.
How many questions and how long are Modules 9, 10, 19 and 7?
Module 9 has 30 questions in 60 minutes; Module 10 has 30 questions in 60 minutes; Module 19 has 60 questions in 90 minutes; and Module 7 has 60 questions in 90 minutes. All are multiple choice.
What is the passing mark for the SC Licensing Examination?
The passing mark depends on the module. Modules 7, 9 and 10 require 60%, while Module 19 and most Level 2 rules-and-regulations modules require 70%. A pass is valid for two years from the examination date.
How much does the SC Licensing Examination cost?
Modules 7, 9, 10 and 19 cost RM400 per module for each sitting and re-sitting. Modules 17 and 18 cost RM500. A failed candidate may request a performance analysis for RM75 per module.
Which modules do I need for fund management or corporate-finance advisory?
Fund management in relation to portfolio management requires Modules 9 and 10. Advising on corporate finance requires Modules 12 and 19 (or Modules 12, 19A and 19B). Always check the Securities Commission Licensing Handbook for your exact regulated activity.
Are these official SIDC practice questions?
No. These are original OpenExamPrep questions modelled on the published SCLE module syllabi. SIDC provides official Study Guides, Study Outlines and a CBE mock-up separately on its website.