The rules paper for dealing in derivatives: the CMSA, Bursa Malaysia Derivatives rules and conduct. Open-book.
Below: the format, fee, pass rate and study guide for Module 16, and who needs it. Our Module 16question bank and timed mocks are not ready yet. Leave your email and we'll tell you the day they open.
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Sources: SIDC Study Outlines for July to December 2026 examinations (issued May 2026) and SCLE Terms and Conditions 2026; SIDC exam page, checked 12 October 2026. SIDC sets and can change the format and fees; confirm on sidc.com.my before you register. See also SIDC exam fees and pass rates by module.
Source: SC Licensing Handbook (R19-2026) Table 3, checked 12 October 2026. The SC decides each application.
60 multiple-choice questions in 1 hour 30 min with a 70% pass mark (42 correct), open book with your own printed prescribed reference materials (SIDC Study Outlines for July to December 2026 examinations (issued May 2026) and SCLE Terms and Conditions 2026, checked 12 October 2026).
RM1,250 for Malaysian residents and RM2,750 for non-residents, the same for a re-sit (fees effective 1 March 2026 to 28 February 2027; SIDC, checked 12 October 2026).
54% in 2024 (Jan-Jun), the latest SIDC publishes (SIDC, Passing Rates for the SC Licensing Examination 2015-2024 (sidc.com.my)).
No. SIDC does not publish past papers and treats its exam questions as confidential (SCLE T&C 2026, clause 8). Its study outline ends with a few sample questions that show the style.
Our practice for Modules 6, 7 and 12 is live, with a free mock exam.