1. Various Acts and guidelines administered by the Securities Commission Malaysia and the Malaysian Code on Corporate Governance.
2. Roles and responsibilities of the Securities Commission Malaysia, Audit Oversight Board and Bursa Malaysia Berhad.
3. Liquidation:
   1. Criteria and obligations of PN17 issuers under Main Market listing requirements of Bursa Malaysia Berhad.
   2. Criteria and obligations of GN3 issuers under ACE Market listing requirements of Bursa Malaysia Berhad.
   3. Contents of announcement in relation to appointment of a liquidator by a public listed company.

• By-Laws of the MIA
  • Subsection 111: Integrity
  • Subsection 112: Objectivity
  • Subsection 113: Professional Competence and Due Care
  • Subsection 114: Confidentiality
  • Subsection 115: Professional Behaviour
  • Section 310: Conflict of Interest
  • Section 320: Professional Appointment
  • Section 321: Second Opinion
  • Section B200: Method of Practice
• Technical knowledge of insolvency practices and rescue schemes including MIA’s Insolvency Guidance Notes (IGN), winding up rules and relevant provisions of other legislation affecting insolvency administrations (e.g. Employment Act)
• Legal cases relevant to insolvency administrations
• Methods of asset disposals and the procedures, precautions and other factors to be considered

COVERAGE – NON-CORE AREA

• Role of special administrators under various Acts applicable from time to time
• Consultative paper issued by SSM or other authorities dealing with insolvency practices or the general accounting landscape (in relation to insolvency engagements)

NOTE

• The scope was last updated in March 2020. It is expected that these areas will evolve over time.
• It is not expected that an interviewer has to cover all the above areas in each interview session.
• The same standard should apply for all interviewees without regard to their experience profile

1. Part IV of the Companies Act 2016 (Winding-Up by Court)
2. Companies (Winding-Up) Rules 1972
3. Relevant laws
4. Liquidation Administration
   • Powers and functions of approved liquidator; and
   • Do’s and Don’ts
5. Documents lodged to Official Receiver
   • Importance of the documents;
   • Contents of documents; and
   • Purpose of lodgement.
6. Supervision on approved liquidator
   • Supervision by Official Receiver;
   • Supervision by Court; and
   • Duties of approved liquidator towards the supervision.

1. Division 8 of Part III of the Companies Act 2016 – Corporate Rescue Mechanism
2. Part IV of the Companies Act 2016 – Cessation of Companies
   • Division 2 – Provisions Applicable to Every Winding Up
   • Division 3 – Winding Up of Unregistered Companies