1-1-6 (1-4-page 11)

Question 1
Which of the following describe the activities of stockbroking companies?
(i)
(ii)
(iii)
(iv)

To
To
To
To

take orders from clients to buy and sell securities

underwrite new issues of securities
research and report on the listed companies and their securities
facilitate payment and settlement of securities by clients

(A)
(B)
(C)
(D)

(i) and (ii) only

(i) and (iii) only
(iii) and (iv) only
All of the above

1-1-8 (1-1-page 2)
Question 2
Securities is the general term used to describe financial instruments
which are:
(i)
(ii)
(iii)
(iv)

marketable or saleable in the marketplace

evidence of ownership or debt
interest bearing or dividend paying instruments
physical commodities that are traded in financial markets

(A)
(B)
(C)
(D)

(ii) and (iv) only

(i) and (iii) only
(i), (ii) and (iii) only
(ii), (iii) and (iv) only

1-1-16(1-1-page 8)
Question 3
The KLSE index is updated and calculated electronically once every:
(A)
(B)
(C)
(D)

one (1) minute

two (2) minutes
five (5) minutes
one (1) day

1-3-8(1-3-page 11)

Question 4
XYZ Bhd. had an initial public offering. The authorised capital of XYZ Bhd. is
RM400 million divided into 800 million shares at 50 sen each. All the shares
were issued and have been partly paid to 40 sen per share. What is the
issued capital of XYZ Bhd.?
(A)
(B)
(C)
(D)

RM 80 million
RM 320 million
RM 400 million
RM 720 million

1-3-17(1-3-page 19)
Question 5
A special resolution to alter a companys memorandum and articles of
association requires which of the following?
(i)

(iii)
(iv)

To be passed by a majority of more than 50 per cent of the members

voting in person or by proxy at a meeting
To be passed by a majority of not less than 75 per cent of the
members voting in person or by proxy
Thirty (30) days notice to be given for such resolution
Twenty-one (21) days notice to be given for such a resolution

(A)
(B)
(C)
(D)

(i) and (ii) only

(i) and (iv) only
(ii) and (iii) only
(ii) and (iv) only

(ii)

1-4-8(1-4-page 4)

Question 6
Which of the following measures can be taken by the Commission against
public limited companies for failure to comply with the Securities
Commissions Policies and Guidelines onfor Issues/Offer of SecuritiesIssuing
of Shares?
(i)
(ii)

(iv)

Issue a reprimand letter

Prosecution under the relevant section of the Securities Industry Act
1983
Non-acceptance of corporate proposals from the public listed
company
Delisting of company from the exchange

(A)
(B)
(C)
(D)

(i) and (ii) only

(iii) and (iv) only
(i), (ii) and (iii) only
All of the above

(iii)

1-4-12(1-4-page 7)
Question 7
By having a merchant bank appointed to underwrite the listing of a public
company, a company can guarantee which ONE of the following?
(A)
(B)
(C)
(D)

The level of the issue price on the first day of the trading
That the company profits for the next two (2) years will be guaranteed
That any funds shortfall is made up by a bank loan of equal value
That the full funds will be available at a specified time

1-5-7(1-2-page 5)
Question 8
The WinSCORE system can be used for which of the following?
(i)
(ii)
(iii)
(iv)

Order and trade routing

Order confirmation
Monitor KLSEs stock market information on real time basis
Credit control management

(A)
(B)
(C)
(D)

(i) and (iv) only

(i) and (iii) only
(ii) and (iv) only
All of the above

1-5-10(1-5-page 11)

Question 9
Which two ways can a Dealers Representative receive confirmation that an
order has been accepted or executed?
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

The order can be confirmed via a printer in the dealing room

The KLSE will immediately notify the dealer by e-mail
The stockbroking companys own staff at the KLSE will notify the
dealer
The order can be confirmed via an order status on-line screen on the
dealers work station
(i) and (ii) only
(iii) and (iv) only
(ii) and (iii) only
(i) and (iv) only

1-6-24(1-4-page 15)
Question 10
If a BUYING CLIENT does not pay for a share purchase by the due date,
which ONE of the following will occur?
(A) The KLSE will institute selling-out
(B) The KLSE will institute buying-in
(C) The stockbroking company will institute selling-out
(D) The stockbroking company will institute buying-in
2-1-7(2-2-page 18)
Question 11 (Rule 201.1)
The Committee of the KLSE may do all of the following EXCEPT:
(A)
(B)
(C)
(D)

fine, suspend or expel a Member

suspend a Dealers Representative licence
investigate and adjudicate upon a complaint by a non-Member
notify Members of a defaulting non-Member

2-3-5(2-3)

Question 12
Siti makes an offer by telephone to Fauzi to buy 1,000 shares in ABC Bhd. at
RM10.00 per share with settlement due the following day. Fauzi agrees to
buy the shares at RM10.00 with settlement in five days time. Sitis offer
has been terminated primarily because:
(A)
(B)
(C)
(D)

it has been accepted by Fauzi

it has been rejected by Fauzi
it has been offset by Fauzis counter offer
it has lapsed because Fauzi could not settle within one day

2-4-1(2-4-page 4)
Question 13
In the relationship between a stockbroking company and its clients, which
of the following statements are CORRECT?
(i)
(ii)
(iii)
(iv)

The
The
The
The

stockbroking company is the principal of the client

client is the agent of the stockbroking company
client is the principal of the stockbroking company
stockbroking company is the agent of the client

(A)
(B)
(C)
(D)

(i) and (ii) only

(i) and (iii) only
(ii) and (iv) only
(iii) and (iv) only

Question 14
Any differences resulting from a contra between outstanding purchases
position and outstanding sale position shall be settled between Member
Companies and their clients not later than the __________ market day
following the date of such contra.
(A)
(B)
(C)
(D)

first (1st)
third (3rd)
fifth (5th)
seventh (7th)

2-4-14(2-4-page 15)
Question 15

Taken from Q10, M6S3 (A)

(20 Oct 2000)
Changed answer from (D) to (C)
(17 July 2001)

Money held in a stockbroking companys client trust account on behalf of a

client may be disbursed for all of the following purposes EXCEPT:
(A)
(B)
(C)
(D)

to pay brokerage due to the stockbroking company

to pay money to another Member of the KLSE
to pay money in accordance with the clients written instruction
to pay money in accordance with the requirements of the Court

Question 16
When a price traded in a Direct Business transaction exceeds ten (10) per
cent of the Volume-Weighted Average Price (VWAP) of the securities of the
preceding trading day, Member Companies are required to provide to the
Exchange:
(i)
(ii)

(iv)

the details of the buyer and seller

the number of transactions of the same securities by both parties for
the last one (1) month
the basis on which the price was transacted and agreed by both
parties
the number of securities involved

(A)
(B)
(C)
(D)

(i) and (iv) only

(ii), (iii) and (iv) only
(i), (iii) and (iv) only
All of the above

(iii)

Taken from Q6, M6S3 (C)

(20 Oct 2000)

2-6-27(2-6-page 9)
Question 17
In determining whether a corporation is fit and proper to hold a dealers
licence, the Commission must consider which of the following?
(i)
(ii)
(iii)
(iv)

Ownership complies with the Malaysian economic policy

The reputation of the directors
The business plan
The financial status of related corporations

(A)
(B)
(C)
(D)

(i) and (ii) only

(ii) and (iv) only
(i), (ii) and (iv) only
All of the above

2-6-32(2-6-page 11)
Question 18

A licence granted under the Securities Industry Act 1983 is required to be

renewed after:
(A)
(B)
(C)
(D)

six (6) months

twelve (12) months
two (2) years
three (3) years

2-6-34(2-6-page 11)
Question 19
Under the Securities Industry Act 1983, a licence issued to a corporation
may be subject to all of the following EXCEPT:
(A)
(B)
(C)
(D)

transfer to a third party by the Securities Commission

suspension at the discretion of the Securities Commission
revocation at the decision of the Securities Commission
variation subject to the approval of the Securities Commission

1-2-1
Question 20
The Listing Rules Requirements of the Kuala Lumpur Stock Exchange covers
the following matters EXCEPT:
(A)
(B)
(C)
(D)

the requirements for listing a company on the Main Board or Second Board of
the KLSE
the corporate disclosure policy and standards
the procedure for register of securities
the continuing listing requirements to ensure an informed market is
maintained

1-3-14(1-3-page 15)
Question 21

Select the CORRECT statements regarding Non-Dealing Member.

(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

In the case of a natural person, such person does not hold a Dealers
Representatives licence
In the case of a corporation, has entered into an arrangement to
acquire at least two (2) per cent of the shares of the Member
Company
A Non-Executive director of the Member Company must be at all
times a Non-Dealing Member
A Non-Dealing Member must get consent from the board of director
before disposing any of his shares in the Member Company
(i) and (iii) only
(ii) and (iv) only
(i), (ii) and (iii) only
All of the above

Taken from Q8, M6S5

(20 Oct 2000)

2-5-19(2-6-page 8)
Question 22
An applicant for an investment representatives licence must meet all of
the following requirements EXCEPT:
(A)
(B)
(C)
(D)

not convicted of a criminal offence

be at least eighteen (18) years of age
not be an undischarged bankrupt
have relevant experience in investment adviser activities

1-4-4(1-4-page 18)
Question 23
A company has issued 200 million of shares at a par value of 50 sen. The
company announces a bonus issues of 2 for 5. What is the total number of
shares now issued?
(A)
(B)
(C)
(D)

280 million
360 million
500 million
700 million

Question 24
What is the minimum bid for securities that are priced between RM10.00 to
RM24.90?

(A)
(B)
(C)
(D)

Two (2) sen

Five (5) sen
Ten (10) sen
Twenty-five (25) sen

Taken from Q2, M6S4 (A)

(20 Oct 2000)

2-4-16(1-4)
Question 25
A client of a stockbroking company is entitled to request copies of all of the
following entries in the stockbroking companys books EXCEPT:
(A)
(B)
(C)
(D)

the amount of commission charged to the client over a specified period

the name of the other party in a married transaction involving the
client
the securities held by the stockbroking company on behalf of the client
the amounts paid into the stockbroking companys trust account on behalf of
the client

New-s.40 SIA
Question 26
The Securities Industry Act 1983 requires a dealer (stockbroker) to inform
the client when dealing in securities as principals. Which of the following
statements are conditions of dealing as principals?
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

When the dealer enters into a transaction on behalf of any person

associated with the dealer
The dealer dealing in securities on behalf of a corporation in which
he has controlling interest
The dealer acts on behalf of a corporation in which his interest and
the interests of his directors together constitute a controlling
interest
When the dealer enters into a transaction for its own subsidiary
company
(i) and (ii) only
(iii) and (iv) only
(i), (ii) and (iii) only
All of the above

New-s.43(4) SIA
Question 27
A dealer shall keep records in sufficient details to show separately
particulars of all transactions by the dealer with:
(i)
(ii)
(iii)

the clients of the dealer

the dealer himself on dealings on his own account
the dealers representative

(iv)

associate of the dealer

(A)
(B)
(C)
(D)

(i) and (iv) only

(ii) and (iii) only
(i), (ii) and (iii) only
All of the above

New-s.45 SIA
Question 28
Under the Code on Take-Overs and Mergers, a shareholder must make a
mandatory offer to acquire the company if the shareholder holds more
than:
(A)
(B)
(C)
(D)

21 per cent of the voting shares

33 per cent of the voting shares
49 per cent of the voting shares
51 per cent of the voting shares

Taken from Q49, M6S5

(20 Oct 2000)

New- s.40A
Question 29
The Securities Industry Act 1983 requires an adviser to have a reasonable
basis in making his recommendation to a person. Which of the following
constitute elements of reasonable basis?
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

The adviser has taken into account the investment objectives of that
person
Consideration has been given on the subject matter of the
recommendation by the adviser
The adviser has conducted due diligence on the subject matter of the
recommendation
The financial situation and particular needs of the person considered
by the adviser
(i) and (iv) only
(ii) and (iii) only
(i), (ii) and (iii) only
All of the above

New-s.67 SIA
Question 30

Alpha-X Securities Bhd. has been a licensed dealer since 1995. Upon
becoming a licensed dealer, Alpha-X Securities Bhd. contributed RM30,000
to the compensation fund. In 1996 and 1997, Alpha-X Securities Bhd
contributed RM10,000 annually. In November 1998, Alpha-X Securities was
suspended. Which of the following statement is CORRECT relating to AlphaX Securitiess contributions to the compensation fund? Alpha-X Securities
Bhd.:
(A)
(B)
(C)
(D)

can request a refund on the yearly payment to the compensation fund but not
the initial RM30,000
will have to let the exchange to use its discretion on the percentage of the
contribution that can be refunded
will have to pay RM10,000 to the compensation fund for 1999 before
31st December 1999
can request a refund of the yearly payment and need not pay for 1999

New-3.4.3(5)
Question 31
In recommending a client on securities transactions, a Dealers
Representative must take into account the suitability of the client as well
as the clients investment objectives and financial background. Which
officer in the organisation is responsible to ensure that the rule has been
complied with?
(A)
(B)
(C)
(D)

Executive Director-Operation
Compliance Officer
Audit Officer
Credit Controller

New-3.4.4(2)
Question 32
Which of the following information must be recorded and maintained in
opening a clients account?
(i)
(ii)
(iii)
(iv)

Types of transactions for which the account is approved

Name of the officer which approved the opening of the account
Amount of commission charged in respect of each transaction
The counterparty to the transaction

(A)
(B)
(C)
(D)

(i) and (ii) only

(iii) and (iv) only
(i), (ii) and (iii) only
All of the above

New-3.6.3
Question 33

What is the maximum period given to a Member Company to replace a

Compliance Officer who has resigned?
(A)
(B)
(C)
(D)

Three (3) months

Six (6) months
Nine (9) months
Twelve (12) months

New-4.4.1(2)
Question 34
Which of the following conditions may be taken by the Committee upon the
declaration of any listed securities as Designated Securities?
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

A restriction on all trading of the Designated Securities

A restriction of all dealings of Designated Securities to delivery
before sale bargains
A prohibition on any sale of the Designated Securities unless the
seller delivers the Designated Securities to the Member Company at
the time of entering into the contract sale
A margin of cover for all dealings relating to such Designated
Securities
(i) and (iii) only
(ii) and (iv) only
(ii), (iii) and (iv) only
All of the above

New-4.8.2(7)
Question 35
Audrey, a Commissioned Dealers Representative for Miharja Securities Bhd.
transacted securities valued at RM100,000 for a client on Tuesday. The brokerage
charged on the transaction by Miharja Securities Sdn. Bhd. is RM1,000. What is the
maximum amount of commission Audrey is entitled to?
(A)
(B)
(C)
(D)

RM200
RM300
RM400
RM500

New-5.3.4
Question 36

The aggregate outstanding balances in the margin accounts maintained by

all clients of a Member Company shall not exceed ____________of the Adjusted
Capital of the Member Company.
(A)
(B)
(C)
(D)

75 per cent
100 per cent
130 per cent
150 per cent

New-5.3.5
Question 37
Permata Securities Sdn. Bhd. has an Adjusted Capital of RM10 million. Lim,
a client of Permata Securities Sdn. Bhd. has requested for a credit facility
for trading of securities. What is the maximum amount of credit can
Permata Securities Sdn. Bhd. provide for Lim?
(A)
(B)
(C)
(D)

RM1 million
RM2.5 million
RM3 million
RM5 million

2-6-29(2-6-page 10)
Question 38
Under the Securities Industry Act 1983, a licensed representative must do
all of the following EXCEPT:
(A)
(B)
(C)
(D)

have a reasonable basis for any recommendation made

keep a Register of Securities
provide information at the request of the Securities Commission
keep a record of training courses attended

New-9.5.3(3)
Question 39
As a general rule, a Member Company must calculate and monitor its
Capital Adequacy Ratio and report to the Exchange:

(A)
(B)
(C)
(D)

on a daily basis and not later than 4.00 p.m. on the following market
day
on a weekly basis, not later than 4.00 p.m. on the first market day of the
following week
on a monthly basis, not later than 4.00 p.m. on the tenth calendar day after
the end of the month
on a quarterly basis, not later than 4.00 p.m. of the first week of the following
quarter

New-11.1.3
Question 40
In the event where a Member Company has failed to maintain its Capital
Adequacy Ratio, which of the following actions may be taken immediately
by the Committee?
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

Prohibit or restrict the Member Company from carrying out or

transacting the business of dealing in securities
The Committee can appoint one or more persons to perform any
duties or functions with respect to the operation or management of
the Member Company
The committee can appoint one or more persons for the purpose of
advising the Member Company on any matters relating to the
business operation or management of the Member Company
To appoint one or more receivers or managers to manage the whole
business affairs and property of the Member Company
(i) and (ii) only
(iii) and (iv) only
(ii) and (iii) only
(i), (ii) and (iii) only

New-11.2.1
Question 41
A Dealers Representative was found guilty by the Committee to the act of
falsifying particulars of clients account. Which of the following actions may
be taken by the Committee:
(i)
(ii)
(iii)
(iv)

a reprimand
a fine
a suspension of his right to trade
having his name struck off the register of Dealers Representative

(A)
(B)
(C)
(D)

(i) only
(ii) only
(i), (ii) and (iii) only
All of the above

New-Schedule 2A
Question 42

Select the CORRECT statements regarding the settlement for a ready basis
contract.
(i)

In respect of payment by buying clients to Member Companies, not

later than 12.30 p.m. by the third (3 rd) market day following the
contract date

(ii)

In respect of payment by the Clearing House to the net selling

Member Companies, not later than 10.00 a.m. on the third (3 rd)
market day following the contract date

(iii)

In respect of payment by the net buying Member Companies to the

Clearing House, not later than 10.00 a.m. on the third (3 rd) market
day following the contract date

(iv)

In respect of payment by Member Companies to selling clients, not

later than 12.30 p.m. on the third (3 rd) market day following the
contract date

(A)

(i), (ii) and (iii) only

(B)

(ii), (iii) and (iv) only

(C)

(i), (ii) and (iv) only

(D)

All of the above

Taken from M6S3, Q53

(17 July 2001)

New-Schedule 2A
Question 43
Salmah bought one lot of PQR shares on Tuesday 1/5/1999. The latest date
for the shares to be delivered into her CDS account is:
(A)

9.00 a.m. Friday 4/5/1999

(B)

3.00 p.m. Monday 7/5/1999

(C)

9.00 a.m. Tuesday 8/5/1999

(D)

9.00 a.m. Wednesday 9/5/1999

New-Schedule 2A

Taken from M6S3, Q54

(17 July 2001)

Question 44
Malik bought one lot of KLM shares on Monday 1/5/1999. Malik has to make
full settlement with his broker before:
(A)

4.00 p.m. on Tuesday 9/5/1999

(B)

12.30 p.m. on Thursday 4/5/1999

(C)

4.00 p.m. on Friday 5/5/1999

(D)

12.30 p.m. on Monday 8/5/1999

Taken from M6S3, Q56

(17 July 2001)

New-5.2.3
Question 45
Raj is a director in Prime Securities Sdn. Bhd. He wishes to buy MNO shares
through his trading account with West Securities Sdn. Bhd. As a director of
a Member Company, Raj has to obtain a written consent from the:
(A)
(B)
(C)
(D)

board of directors of Prime Securities Sdn. Bhd.

board of directors of West Securities Sdn. Bhd.
Compliance officer of Prime Securities Sdn. Bhd.
Compliance officer of West Securities Sdn Bhd.

New-Article 8.8
Question 46
Jati Securities Sdn. Bhd. was found guilty of breaches of the Rules of KLSE
by the Committee and was fined RM150,000 on 1/5/19XX. Select the
CORRECT statement regarding the failure to abide by the decision imposed
by the Committee.
(A) Failure to pay the fine within fourteen (14) days could lead to the
suspension of Jati Securities Sdn. Bhd. from further trading
(B) Jati Securities Sdn. Bhd. must pay the fine within twenty-one (21) days failing
which, Jati Securities Sdn. Bhd. will be suspended as a Member within the
stipulated period determined by the Committee
(C) Jati Securities Sdn Bhd. must pay the fine within fourteen (14) days failing which,
Jati Securities Sdn. Bhd. will be expelled from the Exchange
(D) Failure to pay the fine within seven (7) days would lead to the suspension of Jati
Securities Sdn. Bhd. and face public reprimand

New-3.6.2
Question 47

Which of the following are the duties of a Compliance Officer.

(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

Handling the complaints of clients and reporting the action taken to

the board
Reviewing application forms and documents of accounts opened by
clients
Approving transaction by Directors of Member Company
Reviewing proprietary trading of the Member Company undertaken
by a Salaried Dealers Representative
(i) and (iii) only
(ii) and (iv) only
(i) and (iv) only
All of the above

New-4.1.1
Question 48
Select the CORRECT statements regarding proprietary trading.
(i)
(ii)
(iii)
(iv)

(A)
(B)
(C)
(D)

1/39

Commissioned Dealers Representative can undertake proprietary

trading on behalf of the Member Company
All proprietary trading of the Member Company undertaken by a
Salaried Dealers Representative shall be subjected to review by the
Compliance Officer
No Salaried Dealers Representative undertaking proprietary trading
on behalf of the Member Company shall deal on behalf of the Member
Companys clients
Member Companies shall submit to the Exchange a list of all its
Dealers Representatives conducting clients trading and proprietary
trading respectively on a monthly basis to the Exchange
(iii) and (iv) only
(i), (ii) and (iii) only
(ii), (iii) and (iv) only
All of the above

Question 49
Select the TRUE statements relating to the qualifications, functions and
responsibilities of an Executive Director.
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

The Executive Director Operations oversees

Compliance Officer
All Executive Directors have to be a member
exchange
He must pass an examination as stipulated by
Commission
An Executive Director who resigns must notify
than thirty (30) days in writing

the functions of the

of a recognised stock
the exchange and the
the exchange not less

(i) and (iii) only

(ii) and (iv) only
(i), (iii) and (iv) only
(ii), (iii) and (iv) only

New-7.2.2(1)(b)
Question 50
Suria Securities Sdn. Bhd. and Purnama Securities Sdn. Bhd. agreed upon a
Direct Business Transaction on Monday 4.00 p.m. When must this
transaction be reported to the Exchange?
(A)
(B)
(C)
(D)

Within fifteen (15) minutes after the transaction is completed

Within fifteen (15) minutes on the following market day
On the following market day, within thirty (30) minutes before
commencement of the morning trading session
On the following market day, within thirty (30) minutes of the morning trading
session

Question 51
Arcadia Bhd., a Member Company, has shareholders fund (including
reserve fund) of RM9.2 million. Audited profit after tax for the year 1998 is
RM50 million. How much must Arcadia Bhd. transfer into its Reserve Fund?
(A)
(B)
(C)
(D)

RM2.5 million
RM5 million
RM7.5 million
RM10 million

1-3-3(1-3-page 8)

Taken from Q16, M6S4

(20 Oct 2000)

Question 52
Which of the following are TRUE about unlimited companies.
(i)
(ii)
(iii)
(iv)
(A)
(B)
(C)
(D)

Shareholders are jointly and severally liable without limit for the
debts of the company if it is wound up through insolvency
They are usually used to passively hold property and investments
where liabilities are unlikely to be incurred
One member may be required by the companys liquidator to pay the
debts without seeking a contribution from the other members
It is possible for an unlimited company to convert to a limited
company
(i) and (ii) only
(ii) and (iv) only
(i), (ii) and (iii) only
All of the above

1-3-10(1-3-page 11)
Question 53
Which of the following describes authorised capital.
(A)
(B)
(C)
(D)

The maximum amount of share capital as stated in the companys

memorandum
Part of the share capital that has been issued or alloted to shareholders
The share capital that has been issued or alloted to shareholders
The amount of the share capital that has been subscribed by the share owners

1-4-21(Listing Rules)
Question 54
The following are the relevant criteria for listing under the KLSE Listing
Rules Requirements EXCEPT:
(A)
(B)
(C)
(D)

paid-up capital
length of time in business
forecast market share
track record

1-5-21(1-5-page 10)
Question 55

Matching of orders is done during trading by which preferences:

(A)
(B)
(C)
(D)

price only
size of spread
price and time
size of order and price

1-5-24(1-5-page 3)
Question 56
Without an approval of extension from the Commission, a dealer shall lodge
an auditors report to the Commission within:
(A) one (1) month after the close of the financial year
(B) two (2) months after the close of the financial year
(C) three (3) months after the close of the financial year
(D) five (5) months after the close of the financial year

Taken from M6S3, Q33

(17 July 2001)

2-2-6
Question 57
A Member may resign from KLSE by giving at least __________ notice.
(A)
(B)
(C)
(D)

seven (7) days

fourteen (14) days
twenty-one (21) days
thirty (30) days

Question 58
Four clients of ABC stockbroking company sell 1,000, 2,000, 3,000 and
4,000 of X securities respectively and one client of ABC buys 20,000 X
securities. For the stockbroking company under SCANS, this will result in:
(A)
(B)
(C)
(D)

a net sell of 10,000 shares

a gross sell of 10,000 shares
a net buy of 10,000 shares
a gross buy of 20,000 shares

2-3-6(2-3)
Question 59

Taken from Q46, M6S4

(20 Oct 2000)

Hassan accepts Woons proposal to manage his investment portfolio for him
by sending a letter by post together with a cheque for the first quarters
fee. Hassan is deemed to accept Woons proposal:
(A)
(B)
(C)
(D)

within a reasonable period of the letter being posted

when Woon cashes Hassans cheque
when Hassan posts his letter to Woon
when Hassans letter is received by Woon

New-9.5.3
Question 60
Every Member Company must maintain the Capital Adequacy Ratio. Which
of the following are conditions prescribing the computation of the Capital
Adequacy Ratio?
(i)

(iv)

Its Liquid Capital is at all times greater than its Total Risk
Requirements
Its Gearing must be at all times less than 50 per cent
Its Core Capital is at all times greater than its Operational Risk
Requirements
Its Current ratio is at least 2:1

(A)
(B)
(C)
(D)

(i) and (iii) only

(ii) and (iv) only
(i), (ii) and (iii) only
All of the above

(ii)
(iii)