SIDC Module 6 and 7: The Dealer's Rep Pair

"SIDC Module 6 and 7" is what most people search, because it is the pair a dealer's representative (a remisier or a salaried dealer at a stockbroking firm) must pass for a Capital Markets Services Representative's Licence in dealing in securities. The Licensing Handbook (Table 3) accepts Modules 6 and 7, or 6 and 18, or 7 and 17, or 17 and 18.

How the two papers differ

Which to sit first

Either order works; SIDC sets no prerequisite. Many candidates take Module 7 first because it is evergreen (accounting and valuation do not change with Bursa circulars), then Module 6 closer to their licence application, when the rules they study are freshest. A pass is valid for two years from the exam date, so both must fall inside that window when you apply (Licensing Handbook para 4.05(6)).

Modules 17 and 18 instead?

Modules 17 and 18 combine the securities and derivatives syllabuses into two 100-question, 150-minute papers (RM1,350 each). They suit someone who wants both dealing licences. For securities alone, 6 and 7 are shorter and far more common: 17 and 18 had 40 and 22 sittings in 2024.

Read the Module 6 guide and the Module 7 guide. One SIDC Prep pass covers both modules (and Module 12).

SIDC Prep is an independent study service. It is not affiliated with, endorsed by or connected to the Securities Industry Development Corporation (SIDC), the Securities Commission Malaysia (SC) or Bursa Malaysia. 'SIDC' is used only to describe the examinations. Figures are SIDC's and the SC's and can change; confirm on sidc.com.my.