SC Annual Report 2023
To promote and maintain fair, efficient, secure and transparent securities and derivatives markets and to facilitate the orderly development of an innovative and competitive capital market.
Highlights 2023: Capital Market Performance
5-year performance (2019-2023)
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RM905.5
billion
RM519.5
billion
RM4.8
billion
RM39.3
billion
Media Release
25 March 2024
The Malaysian capital market remained resilient in 2023, with the size of the market growing by 5.6% to RM3.8 trillion (2022: RM3.6 trillion), driven by the growth in total equity market capitalisation and bonds and sukuk outstanding.
Presentation Slides
25 March 2024
This presentation slide was shared during the media conference and provides an overview of the current market situation as well as the SC's priorities for 2024.
Capital Market Review and Outlook
Regulatory Performance and Outcomes
The SC’s mission to promote and maintain a fair, efficient, secure and transparent capital market is operationalised through its regulatory functions, which consist of rulemaking, gatekeeping, surveillance, supervision, complaints handling and enforcement. This chapter provides an account of the SC’s key regulatory activities in 2023, which were underpinned by proactive risk surveillance to identify priority areas and enable the SC to optimally focus its efforts and resources.
Strengthening the Sustainability and Competitiveness of the Capital Market
Efficient capital formation and mobilisation continue to be important drivers in strengthening the sustainability and competitiveness of the Malaysian capital market. Aligned with these objectives, the SC undertook various developmental initiatives spanning both the alternative and traditional markets. These initiatives are specifically geared towards facilitating greater fundraising avenues, especially for MSMEs and mid-tier companies (MTCs) and strengthening the overall investment ecosystem. Key initiatives entailed forming partnerships with other government agencies, introducing innovative financial products and services, integrating new players into the market ecosystem and developing relevant talent pipeline.
In addition, the SC continued to drive the sustainability and corporate governance agenda, broaden and deepen the ICM as well as strengthen the fund management industry. The SC also strives to foster competitive markets and embrace innovation for greater growth. Globally, the SC aims to elevate the international profile of the Malaysian capital market and its regulatory framework.
Strategic Engagements with Stakeholders
Throughout 2023, the SC actively engaged with a wide network of key stakeholders within Malaysia and beyond, encompassing market participants, financial intermediaries, industry associations, regulatory authorities, businesses, investors, government officials, standard setting bodies, general public and the media. A stakeholder mapping process was applied to categorise the needs of stakeholders, allowing the SC to engage with them appropriately as it strives to be facilitative and respond efficiently to their needs. The SC leveraged multiple platforms to carry out these engagements, ensuring consistent and constant communication with stakeholders via consultations, meetings, dialogues, and briefings, among others.
Indeed, it is the SC’s core belief that the formulation of facilitative and effective policies for the sustained growth of the domestic capital market as well as balanced regulation come only from a deep understanding of the industry and strong collaboration with all relevant stakeholders in the ecosystem.
Organisation Information
The Securities Commission Malaysia (SC) is a statutory body established under the Securities Commission Malaysia Act 1993 (SCMA) to regulate and develop the Malaysian capital market. The SC’s mission is to promote and maintain fair, efficient, and transparent securities and derivatives markets and to facilitate the orderly development of an innovative and competitive capital market.
It is committed to ensure investor protection, fair and orderly markets, and monitor, mitigate and manage systemic risks arising from the capital market. The SC’s responsibilities, powers, and authorities are clearly defined and transparently set out in securities laws, namely the SCMA, CMSA, and Securities Industry (Central Depositories) Act 1991 (SICDA).
Market Statistics
