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Which SIDC modules do I need?

The modules you sit depend on the regulated activity on your Capital Markets Services Representative's Licence. Pick yours to see every combination the Securities Commission accepts.

Regulated activity on your CMSRLI am a CFA charterholder

Any one of these combinations qualifies

Module 6 + Module 7
Module 6 + Module 18
Module 7 + Module 17
Module 17 + Module 18

CFA charterholders are exempt from Module 7.

Source and other rules

SC Licensing Handbook (R19-2026, revised 30 September 2026) para 4.05(5) Table 3, as repeated in SIDC's SCLE Terms and Conditions 2026 Table 1, checked 12 October 2026. The full table is in which SIDC modules you need.

Financial planning and fund management (asset management) need no SC licensing examination; financial planners need a recognised financial planning qualification instead, and must pass Module 7 before giving personal advice on Bursa-listed equities, debentures or warrants (Licensing Handbook para 7.04(7)).
Heads of compliance and compliance officers of CMSL holders pass Module 11 together with the modules for their firm's activity (Licensing Handbook para 4.06(8) Table 5).
Unit trust and private retirement scheme consultants are registered with and examined by FIMM, not the SC.
A pass is valid for 2 years from the examination date, with exceptions for candidates who passed while employed by a CMSL holder (Licensing Handbook para 4.05(6)-(7); SCLE T&C 9.7).

Your firm prepares your licence application and the SC decides it. Use this to plan, then confirm with your firm.

For study and general guidance only, not licensing or legal advice. Figures checked 12 October 2026 against SC Licensing Handbook and SIDC. Rules change; confirm with the source before relying on a result.

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Go deeper for the exam: Which SIDC modules do I need (guide).

Frequently asked questions

Which modules does a dealer's representative need?

Modules 6 and 7, or 6 and 18, or 7 and 17, or 17 and 18 (Licensing Handbook Table 3). CFA charterholders are exempt from Module 7.

Which modules does investment advice need?

Modules 12 and 19, or 12 and 19A. CFA charterholders are exempt from Module 12.