CMSA COMPREHENSIVE EXAM 2026
EXAM Q&A STUDY GUIDE
◉ "trade repository" means a body corporate approved under
section 107B of CMSA that
collects and maintains information or records with respect to ?
transactions or positions entered by any person, including any terms
and conditions
thereof, for the purpose of providing a centralized record keeping
facility for ?
Answer: over-the-counter derivatives; over-thecounter derivatives
◉ "?" means a body corporate approved under section 107B of
CMSA that
collects and maintains information or records with respect to over-
the-counter derivatives
transactions or positions entered by any person, including any terms
and conditions
thereof, for the purpose of providing a centralized record keeping
facility for over-thecounter derivatives
Answer: trade repository
,◉ a) the SC b) the Minister or c) BNM may in writing, approve any
body corporate to be a
trade repository
Answer: a)
◉ "?" means a corporation which provides the holders of its shares
or debentures the right to use or enjoy any recreational, holiday or
other related facilities and whose shares or debentures are not listed
or proposed to be listed for quotation on any stock market of a stock
exchange;
Answer: unlisted recreational club
◉ A person shall be deemed to have an interest in a security where a
body
corporate has an interest in a security and—
(a) the body corporate is, or its directors are accustomed, or is under
an
obligation, whether formal or informal, to act in accordance with the
directions, instructions, or wishes of that person in relation to that
security;
(b) that person has a controlling interest in the body corporate; or
(c) that person, or the associates of that person or that person and
his
associates are entitled to exercise or control the exercise of not less
,than ?% of the votes attached to the voting shares in
the body corporate.
Answer: 15
◉ A listed corporation shall notify the Commission in writing—
(a) of any change in the registered or business address of the listed
corporation;
(b) if the chief executive or any of the directors of the listed
corporation ceases to hold office as a chief executive or director;
and
(c) of the names and particulars of any new chief executive or
director
of the listed corporation,
within ? weeks of the occurrence of such a change or event
Answer: 2
◉ A listed corporation and its directors shall cause to be kept such
accounting records and other records as will sufficiently explain the
transactions and
financial position of the listed corporation and its related
corporation and enable true and
fair profit and loss accounts and balance sheets and any documents
required to be
, attached thereto to be prepared from time to time, and shall cause
those records to be
kept in such a manner as to enable them to be conveniently and
properly audited.
A listed corporation shall ensure that the corporation shall retain
the records for ? years after the completion of the
transaction or operation to which they respectively relate.
Answer: 7
◉ seasoned corporate
bonds or sukuk
means corporate bonds or sukuk that have been issued
to ? and are eligible to be
distributed to retail investors after the seasoning period. seasoning
period means,
(a) in the case of a one-off issuance, a period of
? months from the date the corporate bonds or
sukuk were issued to sophisticated investors; or
(b) in the case of a tranche under a debt or sukuk
programme, a period of ? months from the
issuance of that tranche to sophisticated
investors
Answer: sophisticated investors; 12; 12
EXAM Q&A STUDY GUIDE
◉ "trade repository" means a body corporate approved under
section 107B of CMSA that
collects and maintains information or records with respect to ?
transactions or positions entered by any person, including any terms
and conditions
thereof, for the purpose of providing a centralized record keeping
facility for ?
Answer: over-the-counter derivatives; over-thecounter derivatives
◉ "?" means a body corporate approved under section 107B of
CMSA that
collects and maintains information or records with respect to over-
the-counter derivatives
transactions or positions entered by any person, including any terms
and conditions
thereof, for the purpose of providing a centralized record keeping
facility for over-thecounter derivatives
Answer: trade repository
,◉ a) the SC b) the Minister or c) BNM may in writing, approve any
body corporate to be a
trade repository
Answer: a)
◉ "?" means a corporation which provides the holders of its shares
or debentures the right to use or enjoy any recreational, holiday or
other related facilities and whose shares or debentures are not listed
or proposed to be listed for quotation on any stock market of a stock
exchange;
Answer: unlisted recreational club
◉ A person shall be deemed to have an interest in a security where a
body
corporate has an interest in a security and—
(a) the body corporate is, or its directors are accustomed, or is under
an
obligation, whether formal or informal, to act in accordance with the
directions, instructions, or wishes of that person in relation to that
security;
(b) that person has a controlling interest in the body corporate; or
(c) that person, or the associates of that person or that person and
his
associates are entitled to exercise or control the exercise of not less
,than ?% of the votes attached to the voting shares in
the body corporate.
Answer: 15
◉ A listed corporation shall notify the Commission in writing—
(a) of any change in the registered or business address of the listed
corporation;
(b) if the chief executive or any of the directors of the listed
corporation ceases to hold office as a chief executive or director;
and
(c) of the names and particulars of any new chief executive or
director
of the listed corporation,
within ? weeks of the occurrence of such a change or event
Answer: 2
◉ A listed corporation and its directors shall cause to be kept such
accounting records and other records as will sufficiently explain the
transactions and
financial position of the listed corporation and its related
corporation and enable true and
fair profit and loss accounts and balance sheets and any documents
required to be
, attached thereto to be prepared from time to time, and shall cause
those records to be
kept in such a manner as to enable them to be conveniently and
properly audited.
A listed corporation shall ensure that the corporation shall retain
the records for ? years after the completion of the
transaction or operation to which they respectively relate.
Answer: 7
◉ seasoned corporate
bonds or sukuk
means corporate bonds or sukuk that have been issued
to ? and are eligible to be
distributed to retail investors after the seasoning period. seasoning
period means,
(a) in the case of a one-off issuance, a period of
? months from the date the corporate bonds or
sukuk were issued to sophisticated investors; or
(b) in the case of a tranche under a debt or sukuk
programme, a period of ? months from the
issuance of that tranche to sophisticated
investors
Answer: sophisticated investors; 12; 12
