Regulatory Changes on the Licensing of CMSRL & FARL

Dear Members,

Regulators have opened opportunities to encourage more licensed financial practitioners in the industry by reducing the licencing requirements for CMSRL and FARL.  Below are the changes for your easy reference:

Securities Commission

CMSRL*

-Foundation in Financial Planning
-Insurance Planning & Estate Planning
-Investment Planning and Retirement Planning
Familiarization Workshop:
-Financial Plan Construction and Professional Responsibilities

*Modular topics are subject to change, and will only be finalized in 2015

To find out more on this, click the following link to download the amended handbook:
http://www.sc.com.my/wp-content/uploads/eng/html/cmsa/Licensinghandbook.pdf

Bank Negara Malaysia

FAR License

-Foundation in Financial Planning
-Insurance Planning and Estate Planning
-Investment Planning and Retirement Planning

Bank Negara Malaysia will be issuing the amendments either this quarter or early next year.  Nevertheless, the change is with immediate effect.

We will be keeping all members informed once the handbook has been revised.