Chapter 1: Regulations and Business Structure

What are the functions of Security Commission (SC)?

• to regulate all matters relating to unit trust schemes

• to advise the Minister on all matters relating to securities and futures industries

• to regulate all matters relating to securities and futures contracts

• All the above

The Securities Commission (SC) do not have any authority to amend or repeal the rules of Bursa Malaysia Securities Berhad

• TRUE

• FALSE

Which of the following is NOT the specific duties on directors that are imposed by Company Act 1965?

• To keep accounts

• To prepare balance sheets for each financial year

• To be actively involved in the running of the company

• To ensure directors' report to be written for each financial year

Directors have duties under both Common Law and the Companies Act 1965. These duties require them, except:

• To refrain from abusing their directorship or the knowledge they have obtained by virtue of it.

• To avoid situations that might conflict with their duties as directors (conflict of interest).

• To conduct business with the company before the company has approved a transaction by a resolution.

• None of the above

What percentage of shareholders is needed to pass special resolution?

• It must be unanimous

• Not less than 90%.

• Not less than 75%

• More than 50%

After launched a branding exercise, Malaysia Securities Exchange Berhad changed its name to____?

• Bursa Malaysia Berhad

• Bursa Malaysia Depository Sdn Bhd

• Bursa Malaysia Securities Clearing Sdn Bhd

Below is the regulatory principles except

• Promoting capital formation

• Transparency

• Outcome focused

Which of the following is the time period of CMP2?

• 2001-2011

• 2011-2020

• 2021-2025

The Parliament consists of 2 houses which are__

• House of Representatives and House Lannister

• The Senate and the Council of Elrond

• The Senate and the Federation

• House of Representatives and the Senate

Select the TRUE statement from the following in reference to sources of Malaysian Law.

• Subsidiary legislation is categorized under common law

• Islamic law was the law of the land before the colonization

• State Constitution is the supreme law of the land in Malaysia

• English law is categorized as written law