Competency Title:

Capital Market Intermediaries

Competency Type:


Competency Description

This competency refers to the ability to identify and apply the knowledge of the rules and regulations related to the licensing framework, and regulated and permitted activities. The scope includes knowledge of fit and proper requirements, duties they are applicable to and expected conduct of intermediaries in carrying out their business and activities.

Level 1 - Awareness

Level 1

• Define the roles and functions of intermediaries in the capital market industry.
• Identify the rules and regulations applicable to capital market intermediaries.
• Identify the licensing and registration requirements stipulated by the rules, regulations and procedures.
Level 2 - Knowledge

Level 2

• Describe the activities that are regulated and permitted by the relevant laws and regulations.
• Identify the obligations of licensed or registered persons stipulated by rules, regulations and procedures.
• Recognise the offences related to market misconduct and prohibited conduct.
Level 3 - Skill

Level 3

• Distinguish capital market activities that are allowed and restricted, including limitations for the allowed activities.
• Take necessary actions to meet the requirements and obligations of a licensed/registered person.
• Take necessary precautions in executing the regulated activities to prevent market misconduct.
Level 4 - Mastery

Level 4

• Set up organisation structure consistent with the roles and functions of capital market intermediaries.
• Establish internal policies and procedures to comply with the licensing and/or registration requirements.
• Establish internal policies and procedures to ensure employee and agents comply with the obligations and market conduct of licensed or registered persons.
• Monitor execution of regulated activities and provide advice on straightforward cases of misconduct.
Level 5 - Expert

Level 5

• Engage with regulators and contribute to the improvement of rules and regulations on market intermediaries.
• Review and update internal policies and procedures to adapt to the changes in the rules and regulations on intermediaries.
• Adopt and promote business practices that exceed regulatory requirements for business conduct.
• Monitor execution of regulated activities and provide advice on complex cases of misconduct.