Against a backdrop of a challenging macroeconomic environment, tightening of financial conditions and concerns arising from geopolitical conflicts, the SC remained vigilant of emerging risks and vulnerabilities that may pose a threat to the systemic stability of the domestic capital market.
While the SC’s primary function is to preserve the integrity of a fair and efficient capital market, efforts continue to be made to ensure that we remain an efficient and effective regulator with a focus on continuous improvement. Following interactions with key market participants, several requirements were streamlined to make the SC’s processes and reporting more user-friendly.
The SC continued to encourage intermediaries and businesses to adopt a broader stakeholder-centric approach in their business strategies and risk management.
The SC streamlined several enforcement initiatives in 2022, to enhance the effectiveness, efficiency and swiftness of its enforcement actions which involved focusing on breaches of securities law concerning securities fraud, unlicensed activities, and disclosure breaches, as part of the SC’s enforcement priorities.
The SC continued its holistic multi-pronged approach in protecting and empowering investors, especially in light of the rise in scams and unlicensed activities in the capital market. Additionally, the SC continued its efforts to empower investors through social media engagements and other investor education outreach programmes, both virtually and physically.
