CMSA CERTIFICATION EVALUATION
EXAMS 2026 FULL SOLUTION VIEW AHEAD
◉ ? means—
(a) the Director General of Insolvency appointed under section 70 of
the Bankruptcy Act 1967 [Act 360];
(b) any person acting in relation to a company as its liquidator,
provisional liquidator, receiver or manager;
(c) any person acting in relation to an individual as his trustee in
bankruptcy or interim receiver of his property;
(d) any person appointed pursuant to an order for the
administration
in bankruptcy of an insolvent estate of a deceased person; or
(e) a Special Administrator appointed under the Pengurusan
Danaharta Nasional Berhad Act 1998 [Act 587]
Answer: relevant office-holder
◉ ? means a contractual provision which provides that when the
events specified by the parties under a qualified capital market
agreement occur,
two or more debts, claims or obligations can be set-off against each
other or be
,converted into a net debt, claim or obligation and includes close-out
netting
arrangement
Answer: netting provision
◉ "?" means-
(a) an agreement with a netting provision, in respect of one or more
securities borrowing and lending transactions; or
(b) an agreement specified by the Commission to be a qualified
capital
market agreement for the purposes of this Part;
Answer: qualified capital market agreement
◉ No person shall whether as a principal or agent, carry on a
business in
any regulated activity or hold himself out as carrying on such
business unless he is the
holder of a Capital Markets Services Licence or is a ?. A person who
contravenes commits an offence and shall,
on conviction, be liable to a fine not exceeding ? ringgit or to
imprisonment for a
term not exceeding ? years or to both.
Answer: registered person; 10,000,000; 10
, ◉ No person shall act as a representative in respect of any regulated
activity or hold himself out as doing so unless he is the holder of a
Capital Markets
Services Representative's Licence for that regulated activity or is a ?
with respect to that regulated activity. A person who contravenes
commits an offence and shall,
on conviction, be liable to a fine not exceeding ? ringgit or to
imprisonment for a
term not exceeding? years or to both.
Answer: registered person; 5,000,000; 5
◉ A person who, in connection with an application for the grant, or
variation of a
licence, makes a statement that is false or misleading in a material
particular knowing it
to be false or misleading or wilfully omits to state any matter or
thing without which the
application is misleading in a material respect commits an offence
and shall, on
conviction, be punished with imprisonment for a term not exceeding
? years and shall
also be liable to a fine not exceeding ? ringgit.
Answer: 5; 1,000,000
EXAMS 2026 FULL SOLUTION VIEW AHEAD
◉ ? means—
(a) the Director General of Insolvency appointed under section 70 of
the Bankruptcy Act 1967 [Act 360];
(b) any person acting in relation to a company as its liquidator,
provisional liquidator, receiver or manager;
(c) any person acting in relation to an individual as his trustee in
bankruptcy or interim receiver of his property;
(d) any person appointed pursuant to an order for the
administration
in bankruptcy of an insolvent estate of a deceased person; or
(e) a Special Administrator appointed under the Pengurusan
Danaharta Nasional Berhad Act 1998 [Act 587]
Answer: relevant office-holder
◉ ? means a contractual provision which provides that when the
events specified by the parties under a qualified capital market
agreement occur,
two or more debts, claims or obligations can be set-off against each
other or be
,converted into a net debt, claim or obligation and includes close-out
netting
arrangement
Answer: netting provision
◉ "?" means-
(a) an agreement with a netting provision, in respect of one or more
securities borrowing and lending transactions; or
(b) an agreement specified by the Commission to be a qualified
capital
market agreement for the purposes of this Part;
Answer: qualified capital market agreement
◉ No person shall whether as a principal or agent, carry on a
business in
any regulated activity or hold himself out as carrying on such
business unless he is the
holder of a Capital Markets Services Licence or is a ?. A person who
contravenes commits an offence and shall,
on conviction, be liable to a fine not exceeding ? ringgit or to
imprisonment for a
term not exceeding ? years or to both.
Answer: registered person; 10,000,000; 10
, ◉ No person shall act as a representative in respect of any regulated
activity or hold himself out as doing so unless he is the holder of a
Capital Markets
Services Representative's Licence for that regulated activity or is a ?
with respect to that regulated activity. A person who contravenes
commits an offence and shall,
on conviction, be liable to a fine not exceeding ? ringgit or to
imprisonment for a
term not exceeding? years or to both.
Answer: registered person; 5,000,000; 5
◉ A person who, in connection with an application for the grant, or
variation of a
licence, makes a statement that is false or misleading in a material
particular knowing it
to be false or misleading or wilfully omits to state any matter or
thing without which the
application is misleading in a material respect commits an offence
and shall, on
conviction, be punished with imprisonment for a term not exceeding
? years and shall
also be liable to a fine not exceeding ? ringgit.
Answer: 5; 1,000,000
