In July of 2000, the SC takes the function as the sole authority to approve all corporate bond issues.

The SC is responsible for the formulation of policies aimed at developing the bond market vibrant and efficient. We process applications for the issuance of private debt securities in Malaysia, which requires the approval of the SC under section 32 of the Securities Commission Act 1993 (SCA).

However, the SC’s approval is not required if the transaction is exempt under Schedule 1 of the SCA or if the instrument or transaction is exempted from the definition of “debenture” under subsection 2 (1) of the SCA.