Exam Overview

The Securities Rules and Regulations is a CMA mandatory exam. The objective of this exam is to ensure that all registered persons or those intending to register with CMA have an advanced level of knowledge and skills in the core business of the capital market, including the regulations and laws of this function. Note: The General Securities Qualification Exam (CME 1) consists of two parts, Securities Rules and Regulations AND Securities Operations. Examinees should pass BOTH parts in order to be a CME 1 Certified.

Target Audience

All registered persons or intending to register with CMA to perform registrable functions for authorized persons. It is required to obtain the General Securities Qualification certificate.

Competencies and its Weights

Chapter 1: Capital Market Law: 20%

Chapter 2: Market Conduct Regulations:17%

Chapter 3: Offer of Security Regulations: 1%

Chapter 4: Listing Rules: 5%

Chapter 5: Securities Business Regulations: 10%

Chapter 6: Authorized Persons Regulations: 24%

Chapter 7: Investment Funds Regulations: 8%

Chapter 8: Mergers and Acquisitions regulations: 5%

Chapter 9: Anti-Money Laundering and Counter Terrorism Financing Rules: 5%

Chapter 10: Corporate Governance Regulations: 5%

Exam Requirements

Not Available

Additional Requisites

Obtaining a High School Degree

Prerequisite Programs

Not Available

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