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18 March 2019
The ASEAN Capital Markets Forum (ACMF) today met in Bangkok to endorse the Roadmap on ASEAN Sustainable Capital Markets to promote ASEAN asset classes for sustainable investment, in line with ASEAN’s theme on “Advancing Partnership for Sustainability”. The Roadmap will be proposed to the ASEAN Finance Ministers’ Meeting in Chiang Rai for acknowledgment in April 2019.

14 March 2019
The Malaysian capital market continued to play a key role in financing the economy against a backdrop of challenging global market conditions, according to the Securities Commission Malaysia (SC) in conjunction with the release of its 2018 Annual Report.

06 March 2019
The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has prohibited McMillan Woods Mea (AF 001995) (the “Firm”) and two of its partners, Mea Fatt Leong (Mea) and Wong Joo Hua (Wong), from accepting clients and auditing any public interest entities or schedule funds for 12 months, effective 14 February 2019.

06 March 2019
The Securities Commission Malaysia (SC) today published two consultation papers to seek public feedback on the frameworks for Initial Coin Offering (ICO) and property crowdfunding.

12 February 2019
The Securities Commission Malaysia (SC) chairman, Datuk Syed Zaid Albar, has been elected the Vice Chair of the International Organisation of Securities Commissions (IOSCO) Growth and Emerging Markets (GEM) Committee.

11 February 2019
The Securities Commission Malaysia (SC) is reviewing recommendations proposed by the Institute for Capital Market Research (ICMR) to spur further growth and drive greater synergies in the Malaysian Venture Capital (VC) industry.

31 January 2019
The Securities Commission Malaysia (SC) today amended its Guidelines on Recognized Markets to introduce new requirements for electronic platforms that facilitate the trading of digital assets.

30 January 2019
The Securities Commission Malaysia (SC) today reprimanded and imposed penalties on Deloitte PLT (Deloitte) for four breaches related to the RM2.4 billion Sukuk Murabahah Programme issued by Bandar Malaysia Sdn Bhd (BMSB) in 2014.

29 January 2019
The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has reprimanded Gary Yong Yoon Shing and Jason Sia Sze Wan, partners of Nexia SSY, and Lye Ghee Kang, a partner of CAS Malaysia PLT (the “auditors”) for failure to comply with the International Standards on Auditing when auditing their respective public listed company clients.

17 January 2019
Since the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 on 15 January 2019, the Securities Commission Malaysia (SC) has received numerous queries on the implementation of the Order.

14 January 2019
Following the statement by the Minister of Finance YB Tuan Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, the Securities Commission Malaysia (SC) will put in place guidelines to regulate offering and trading of digital assets.

07 January 2019
The Securities Commission Malaysia (SC) is pleased to announce the appointment of Ong Liang Heng as Executive Director in the Chairman’s Office effective 4 January 2019.

07 January 2019
The Securities Commission Malaysia (SC) today urged members of the public who had invested in two illegal futures and equity trading schemes to file their claims for restitution by 6 February 2019.

18 December 2018
The Securities Commission Malaysia (SC) has dismissed the review applications by Lotte Chemical Titan Holding Bhd (LCT) and other relevant parties for their failure to inform the SC of material developments prior to LCT’s listing in 2017.

14 December 2018
The Securities Commission Malaysia (SC) today released the revised Prospectus Guidelines and Equity Guidelines to enhance the disclosure requirements of abridged prospectuses and for circulars related to proposals that would result in a significant change in the business direction or policy of a listed corporation, including back-door listings and reverse take-overs.

13 December 2018
The Securities Commission Malaysia (SC) today welcomed the findings of the Corporate Governance Watch 2018 report, where Malaysia emerged as the biggest gainer moving from seventh place in 2016 to fourth this year, after Australia, Hong Kong and Singapore. The report is the result of a biennial survey by the Asian Corporate Governance Association (ACGA) and CLSA of 12 Asian countries including Australia.

12 December 2018
The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Shaiful Nazren Kassim, effective 7 December 2018, for improper business practices.

06 December 2018
This joint press statement is issued by the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) to provide clarity on the regulatory approach for the offering and trading of digital assets in Malaysia. In this regard, digital assets refer to digital currencies and digital tokens.

29 November 2018
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

29 November 2018
The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB), has withdrawn the recognition of Singapore-based audit firm RT LLP and Su Chun Keat, who is a partner in the firm.

28 November 2018
The Securities Commission Malaysia (SC) today urged financial services providers to embrace technology to develop a more inclusive, innovative and efficient capital market, in line with the government’s agenda to support the growth of the digital economy.

26 November 2018
The Securities Commission Malaysia (SC) today revised its Guidelines on Exchange Traded Funds (ETFs), allowing for the issuances of a more diversified range of ETFs in the market. These include futures-based ETFs, synthetic ETFs, physical commodity ETFs and smart beta ETFs.

15 November 2018
The Securities Commission Malaysia (SC) and the UK-based Oxford Centre for Islamic Studies (OCIS) today have opened nominations for the eighth Visiting Fellowship at OCIS under the Scholar in Residence (SIR) Programme in Islamic Finance for the 2019/20 academic year commencing October 2019.

07 November 2018
The Securities Commission Malaysia (SC) today hosted over 100 regulators, academics, representatives from global and regional institutions at the annual Asian Roundtable on Corporate Governance (ARCG), organised jointly by the SC and the Organisation for Economic Cooperation and Development (OECD).

05 November 2018
We will be reviewing the details of the proposed structure and our Guidelines on Recognised Markets (RMO Guidelines) to facilitate the establishment of property crowdfunding platforms as announced in Budget 2019.

02 November 2018
Budget 2019 has identified key priorities to support the transition of the Malaysian economy towards a more balanced, sustainable and inclusive growth. The Securities Commission Malaysia (SC) welcomes these measures that will enable a wider community to benefit from the capital market.

31 October 2018
Regulators from the European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), European Securities and Markets Authority (ESMA) and Asian regulators participating in the International Organisation of Securities Commissions (IOSCO) Asia-Pacific Regional Committee met in Kuala Lumpur at the EU-Asia Pacific Forum on Financial Regulation (Forum) today to discuss regulatory developments in the two regions, including cross-border implications of EU regulations.

26 October 2018
Securities Commission Malaysia (SC) today initiated a restitution process involving an illegal futures and equity trading scheme and calls upon members of the public to file their notice of claims before 5pm on 25 November 2016.

24 October 2018
The Securities Commission Malaysia (SC) today warned the public against buying fake exam questions relating to SC Licensing Examinations (SCLE) from unauthorised online and third-party sources.

19 October 2018
The Securities Commission Malaysia (SC) today introduced a registration framework for capital market services providers to enhance their standards of conduct and strengthen investors’ confidence and trust in the capital market.

19 October 2018
The Securities Commission Malaysia’s Audit Oversight Board (AOB) fined Siew Boon Yeong & Associates and its Managing partner Dato’ Siew Boon Yeong RM227,000 and RM81,000 respectively for failing to comply with the requirements of the approved standards on auditing in Malaysia. The AOB also prohibited the firm and Siew from auditing the financial statements of a public interest entity (PIE) and schedule fund for nine months.

12 October 2018
InvestSmart® Fest 2018, an investor education initiative by the Securities Commission Malaysia (SC), was officiated by Yang Berhormat Syed Saddiq Syed Abdul Rahman, Minister of Youth and Sports Malaysia at the Kuala Lumpur Convention Centre today.

03 October 2018
The Kuala Lumpur Sessions Court today convicted and sentenced a former employee of an investment bank for insider trading in the shares of PacificMas Bhd (PacificMas). Lim Bun Hwa, 42, was sentenced to six months jail and fined RM 1 million after he pleaded guilty today to five charges of insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007.

03 October 2018
His Royal Highness Sultan Nazrin Muizzuddin Shah, the Sultan of Perak and the Royal Patron for Malaysia’s Islamic Finance initiative today conferred the Royal Award for Islamic Finance 2018 (The Royal Award) to Tan Sri Dr. Zeti Akhtar Aziz.

02 October 2018
The new criteria for registration with the Audit Oversight Board (AOB) were announced during the AOB Conversation with Auditors of Public Interest Entities (PIEs) and Schedule Funds on 16 August 2018.

01 October 2018
The Institute of Corporate Directors Malaysia (ICDM), a dedicated body established by the Securities Commission Malaysia (SC) to enhance the professionalism and effectiveness of corporate directors in Malaysia, was launched today by the Minister of Finance YB Tuan Lim Guan Eng.

30 September 2018
The Securities Commission Malaysia (SC) would like to announce the retirement of Tan Sri Ranjit Ajit Singh as Chairman of the SC with effect from 15 October 2018.

30 September 2018
The Securities Commission Malaysia (SC) together with the United Nations Development Programme (UNDP) and the Islamic Development Bank (IsDB) last Thursday (27 September) hosted a forum titled “Achieving the SDGs: Unleashing the Potential of Islamic Finance” on the sidelines of the 73rd UN General Assembly. The Prime Minister of Malaysia YAB Tun Dr. Mahathir Mohamad officiated the event which advocated the use of Islamic finance to close funding gaps in achieving the United Nation’s Sustainable Development Goals (SDGs).

27 September 2018
The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of two individuals, namely Ewe Lay Peng (Ewe) and Tan Yee Chee (Tan).

19 September 2018
The Securities Commission Malaysia (SC) today announced the liberalisation of its regulatory framework to facilitate greater retail access to the RM1.3 trillion Malaysian bond and sukuk market. The liberalisation forms part of the SC’s continued efforts to further develop this market, currently the third largest in Asia (relative to GDP) and the world’s largest sukuk market.

18 September 2018
The Securities Commission Malaysia (SC) issued a public statement today to express its opinion that the retention of office by two Executive Directors of Multi Sports Holdings Limited (Multi Sports), Lin Huozhi and Lin Liying, is prejudicial to public interest.

05 September 2018
The Securities Commission Malaysia (SC) has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC into the matter.

27 August 2018
The Securities Commission Malaysia (SC) has received queries on the issuance of a whitepaper for the offering of LAVIDACOIN to members of the public.

23 August 2018
The Securities Commission Malaysia (SC) is once again calling for the public to join its annual ‘ScamBuster Run’ on 14 October 2018 held in conjunction with its InvestSmart® Fest 2018.

20 August 2018
The Ministry of Finance of the People’s Republic of China (MOF China) and the Securities Commission Malaysia (SC) today signed a memorandum of understanding (MOU) for cross-border regulatory cooperation on accounting and audit matters under their respective oversight.

09 August 2018
The Kuala Lumpur Sessions Court today convicted a former executive director of APL Industries Bhd (APLI) Datin Seri Tan Bee Geok and her sister Tan Bee Hong of insider trading offences.

06 August 2018
Bank Negara Malaysia and the Securities Commission Malaysia are pleased to announce that the Royal Award for Islamic Finance 2018 will be conferred at a special ceremony to be held on 3 October 2018 in Kuala Lumpur.

05 July 2018
The Securities Commission Malaysia (SC) announced today that it is inviting parties interested to operate equity crowdfunding (ECF) or peer-to-peer (P2P) financing platforms to submit applications for registration with the SC. Applications must be submitted to the SC latest by 7 September 2018.

24 May 2018
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

14 May 2018
Malaysia is leading efforts for convergence of Islamic and green financing following the country’s issuance of the world’s first green sukuk in July 2017. To date, five green sukuk have been issued under the Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Sukuk Framework totaling RM2.407 billion, with more expected during the year.

03 May 2018
The Securities Commission Malaysia (SC) today called upon venture capital (VC) management companies to apply for the RM1 billion fund committed by major institutional investors, as announced in Budget 2018.

25 April 2018
The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) reprimanded and fined Tang Boon Hiap of CHI-LLTC a sum of RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company. Compliance with auditing standards when auditing the financial statements of a public-interest entity is a condition of registration for AOB registrants.

11 April 2018
Securities Commission Malaysia (SC) today initiated a restitution process involving an illegal futures and equity trading scheme and calls upon members of the public to file their notice of claims before 5pm on 25 November 2016.

10 April 2018
The Kuala Lumpur Sessions Court has convicted and sentenced former investment banker Goh Keng Huat for insider trading in the shares of Road Builder Holdings Bhd (RBH).

05 April 2018
The Securities Commission Malaysia (SC) wishes to announce that Prime Minister Y.A.B Dato’ Sri Mohd. Najib bin Tun Haji Abdul Razak in his capacity as Minister of Finance has appointed Datuk Zainal Izlan Zainal Abidin as the SC’s new Deputy Chief Executive (DCE) which takes effect from 5 April 2018.

30 March 2018
The Securities Commission Malaysia (SC) today announced that its Deputy Chief Executive Dato’ Ahmad Fairuz Zainol Abidin has completed his contract at the SC and has been appointed as a Judicial Commissioner.

26 March 2018
The Court of Appeal on Friday, 23 March 2018, dismissed an appeal by former director of LFE Corporation Bhd (LFE), Alan Rajendram a/l Jeya Rajendram, against his conviction for furnishing false statements to Bursa Malaysia Securities Bhd (Bursa) in 2007.

21 March 2018
The Securities Commission Malaysia (SC) today issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.

19 March 2018
The ASEAN Capital Markets Forum (ACMF) welcomed the progress achieved by the ASEAN Green Bond Standards at its meeting today. Since its launch in November 2017, the ASEAN Green Bond Standards have gained encouraging traction and there have been three issuances from Malaysia and Singapore carrying the ASEAN Green Bond label. The first sovereign sukuk in ASEAN issued by Indonesia is aligned with the ASEAN Green Bond Standards.

15 March 2018
The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) today established the Brokerage Industry Digitisation Group (BRIDGe), a joint working group between the regulators and industry to accelerate digitisation of the stockbroking industry.

15 March 2018
The Malaysian capital market grew 12.6% to RM3.2 trillion in 2017 with total capital raised amounting to RM146.6 billion, according to the Securities Commission Malaysia (SC) in conjunction with the release of its annual report.

13 March 2018
The Securities Commission Malaysia (SC) today charged two former senior investment bankers and another individual at the Kuala Lumpur Sessions Court with insider trading of Hirotako Holdings Bhd (Hirotako) shares.

05 March 2018
The Securities Commission Malaysia’s Audit Oversight Board (AOB) has publicly reprimanded two auditors, Sathiea Seelean A/L Manickam of Morison Anuarul Azizan Chew (MAAC) and Tan Poh Ling, a former partner of MAAC, for failing to comply with the International Standards on Auditing when auditing the financial statements of a public interest entity (PIE).

28 February 2018
The Kuala Lumpur Sessions Court today convicted a 67-year-old individual of two counts of defrauding Koperasi Pelaburan Pekerja-Pekerja Proton Berhad (KOPRO) between August 2007 and November 2008.

26 February 2018
The Securities Commission Malaysia, the Monetary Authority of Singapore, and the Securities and Exchange Commission of Thailand have signed a Memorandum of Understanding to enhance the ASEAN Collective Investment Schemes (CIS) Framework. The Framework enables fund managers operating in one jurisdiction to offer funds constituted and approved in that jurisdiction to retail investors in the other two jurisdictions under a streamlined authorisation process.

22 February 2018
The Securities Commission Malaysia (SC) today charged the former Managing Director of Johor Land Bhd (JLand) with insider trading under section 188(3)(a) of the Capital Markets and Services Act 2007 (CMSA). A.F.M Shafiqul Hafiz, 71, was charged at the Kuala Lumpur Sessions Court with communicating material non-public information to one Dato’ Harjit Singh a/l Gurdev Singh between 22 March 2009 and 6 April 2009.

13 February 2018
The Securities Commission Malaysia (SC) today charged the Chairman of Three-A Resources Bhd (3A) with insider trading under Section 188(2)(a) of the Capital Markets & Services Act 2007 (CMSA). Dato’ Mohd Nor Abdul Wahid, 66, was charged at the Kuala Lumpur Sessions Court for acquiring 500,000 units of 3A shares on 5 October 2009 while in possession of material non-public information.

06 February 2018
The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) and will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner. Retail investors notably will benefit from such a link.

25 January 2018
Two thirds of surveyed respondents acknowledged the improvements that the new standards bring and that it is a key tool in navigating complex financial reports

24 January 2018
The High Court today found that the Securities Commission Malaysia (SC) had successfully proven an insider trading case against Chan Soon Huat, a former founder and director of WCT Bhd (WCT).

21 January 2018
In the Malaysian Code on Corporate Governance (MCCG) released on 26 April 2017, companies are required to disclose their gender diversity policy, targets and measures. In addition, Large Companies as defined in the MCCG are also expected to have at least 30% women directors on their board. In this regard, promoting gender diversity on boards of listed companies remains a priority of the Securities Commission Malaysia (SC). This dovetails with the launching of Women Empowerment Year 2018 by the Malaysian government recently.

19 January 2018
The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) wish to draw the public’s attention to initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by the SC and BNM. Carrying on such activities without proper authorisation is an offense.

16 January 2018
The Securities Commission Malaysia (SC) today charged a 67-year-old man for defrauding Koperasi Pelaburan Pekerja-Pekerja Proton Bhd (KOPRO) of its investments of RM350,000 for the purchase of securities between August 2007 and November 2008.

09 January 2018
The Securities Commission Malaysia (SC) has directed CopyCash Foundation to immediately cease and desist all its proposed activities including a purported plan to launch an Initial Coin Offering (ICO) on 10 January 2018 in Malaysia.

08 January 2018
The Royal Award for Islamic Finance announced a global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations for the fifth recipient of the Royal Award.

05 January 2018
Following a public statement released on 7 September 2017 regarding Initial Coin Offerings (ICOs), the Securities Commission Malaysia (SC) has noticed an increase in activities by new ICOs to solicit investments in crypto-currencies from the public at large, including senior citizens.

21 December 2017
The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity – alliance of FinTech community).

19 December 2017
The Securities Commission Malaysia (SC) today issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to facilitate and encourage greater growth of SRI funds in Malaysia. The new Guidelines – which enable funds to be designated as SRI funds – will widen the range of SRI products in the market and attract more investors in the SRI segment.

04 December 2017
Securities Commission Malaysia (SC) today reprimanded and fined five directors of TRIVE Property Group Bhd (Trive) for knowingly furnishing false or misleading statements in the 2014 audited financial statements of the company to SC and Bursa Malaysia.

30 November 2017
Securities Commission Malaysia (SC) today released the revised Prospectus Guidelines as part of its on-going efforts to promote informed investment decisions.

27 November 2017
Securities Commission Malaysia (SC) has obtained from the High Court a judgment against three defendants for insider trading involving the shares of Axis Incorporation Bhd (Axis).

24 November 2017
The Kuala Lumpur Sessions Court today convicted former CEO of APL Industries Bhd (APLI), Stanley Thai Kim Sim, and former remisier Tiong Kiong Choon for insider trading offences. Thai was sentenced to a five-year jail term and a RM5 million fine, while Tiong was sentenced to five years jail and a RM10 million fine.

23 November 2017
Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

21 November 2017
Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have opened nominations for the seventh Visiting Fellowship at OCIS under the Scholar in Residence (SIR) Programme in Islamic Finance for the academic year commencing October 2018.

08 November 2017
The ASEAN Capital Markets Forum (ACMF) today held its inaugural ASEAN Capital Market Conference in Kuala Lumpur, Malaysia.

02 November 2017
Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has fined Adam Selamat bin Musa of Adam & Co RM75,000 for failing to comply with the International Standards on Auditing when auditing a public listed company. This is the largest fine imposed by AOB so far.

24 October 2017
Securities Commission Malaysia (SC) today charged an individual for failure to assist in an investigation and provide a statement to the capital market regulator as required under the law.

10 October 2017
Securities Commission Malaysia (SC) today charged two individuals with insider trading offences under section 89E(2)(a) of Securities Industry Act 1983.

05 October 2017
The International Organization of Securities Commissions (IOSCO) launched its first World Investor Week (WIW) on 2nd – 8th October 2017 to promote greater investor education and protection worldwide. Throughout the week, securities regulators from more than 80 countries across the globe are providing a variety of activities to increase the awareness of investor education and protection in their own jurisdictions.

03 October 2017
Securities Commission Malaysia (SC) and The International Shari’ah Research Academy for Islamic Finance (ISRA) today released a joint publication on ‘Ṣukuk: Principles & Practices’ launched by His Royal Highness Sultan Nazrin Muizzuddin Shah at the Kuala Lumpur Islamic Finance Forum 2017 in Kuala Lumpur.

03 October 2017
Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against two individuals for insider trading involving the shares of GW Plastics Holdings Bhd (GW Plastics). Lim Kok Boon and Cheah Mean Har were alleged to have been involved in the insider trading of GW Plastics’ shares in September 2012.

29 September 2017
The High Court yesterday declared that Securities Commission Malaysia (SC) had successfully proven an insider trading case against Lim Chiew, a former independent director of Magnum Corporation Bhd.

28 September 2017
Securities Commission Malaysia (SC) is organising its inaugural ‘ScamBuster Run’ on 15 October 2017 in conjunction with the annual InvestSmart® Fest 2017.

27 September 2017
Securities Commission Malaysia (SC) recently sued seven individuals at the Kuala Lumpur High Court for the manipulation of shares in APL Industries Bhd (APLI) and is seeking court orders for disgorgement and civil penalty of up to RM7 million and barring the defendants from the capital market.

21 September 2017
Leading emerging market regulators met this week in Colombo, Sri Lanka, at the annual meeting and conference of the IOSCO Growth and Emerging Markets (GEM) Committee, chaired by the Chairman of Securities Commission Malaysia (SC), Tan Sri Ranjit Ajit Singh, who is also Vice Chair of the IOSCO Board. The GEM Committee annual meeting and conference were preceded by the meeting of the IOSCO Asia-Pacific Regional Committee, which were hosted by the Securities and Exchange Commission of Sri Lanka.

14 September 2017
Securities Commission Malaysia (SC) has signed series of innovation cooperation agreements – or ‘fintech bridges’ – with several regulators in major financial centres, in a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry.

07 September 2017
Securities Commission Malaysia (SC) would like to caution investors as we note the emergence of digital token based fundraising activities / investment schemes in Malaysia and elsewhere, which may be referred to as “initial coin offerings”, “initial token offerings”, “token pre-sale”, “token crowd-sale” (collectively referred to as ICO schemes hereon).

29 August 2017
The High Court today declared in favour of the Securities Commission Malaysia (SC) against six foreign defendants for their role in the manipulation of Iris Corporation Berhad (Iris) shares in 2006, marking the end to the civil suit filed by the SC in 2008.

28 August 2017
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Chin Wai Thoe as he was found to be an undischarged bankrupt.

17 August 2017
The Securities Commission Malaysia (SC) will host the InvestSmart® Fest 2017 themed “Invest For Your Future” on 13-15 October 2017 at Hall 5 of the Kuala Lumpur Convention Centre.

31 July 2017
Securities Commission Malaysia (SC) has reprimanded a China-based sports equipment company, Telent Outdoor (Hong Kong) Technology Co. Ltd (Telent), and imposed a permanent moratorium on two of its directors for submitting false information.

27 July 2017
Securities Commission Malaysia (SC) today announced the issuance of Malaysia’s first green sukuk – an innovative channel to address global funding gaps in green financing – under its Sustainable & Responsible Investment (SRI) Sukuk framework.

14 July 2017
Malaysia, widely acknowledged as being in the forefront of Islamic finance, is taking the lead in promoting the sustainable and responsible investing (SRI) proposition based on its shared values with Islamic finance.

10 July 2017
The Kuala Lumpur Sessions Court today convicted and jailed two former executive directors of Axis Incorporation Bhd (Axis) for furnishing false statements to Bursa Malaysia Securities Bhd.

05 July 2017
Securities Commission Malaysia (SC) today charged two officers of Jalatama Management Sdn Bhd (Jalatama) for carrying on a business of dealing in derivatives without a licence.

04 July 2017
Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) in its 2016 annual report urged audit firms to strengthen their capacity building and improve their quality controls to demonstrate the importance of the value of audits and its relevance to ensuring good corporate governance of companies.

28 June 2017
Securities Commission Malaysia (SC) yesterday entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in financial services in their respective markets.

23 June 2017
Securities Commission Malaysia (SC) today introduced amendments to its regulatory framework to include clearing for securities and derivatives as a new regulated activity.

29 May 2017
Securities Commission Malaysia (SC) today charged a former substantial shareholder of Maxbiz Corporation Bhd (Maxbiz), Datuk Andrew Leong Wye Keong, with four counts of insider trading.

25 May 2017
Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

25 May 2017
Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against seven individuals for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide), a company previously listed on Bursa Malaysia.

23 May 2017
The Court of Appeal today allowed Securities Commission Malaysia (SC)’s appeal to enhance sentences meted out against former executive directors of Welli Multi Corporation Bhd (Welli Multi), Ang Sun Beng and Ang Soon An, for furnishing misleading financial information to SC in 2005.

22 May 2017
Securities Commission Malaysia (SC) today charged Dato’ Vincent Leong Jee Wai (Dato’ Vincent Leong) for insider trading of shares of Maxbiz Corporation Berhad (Maxbiz).

17 May 2017
A task force on Exchange-Traded Funds (ETFs) today released a set of key recommendations aimed at attracting greater investor participation and incentivising issuances by ETF managers in the Malaysian market.

17 May 2017
Securities Commission Malaysia (SC) today won a case against former Executive Chairman of Megan Media Holdings for submission of false information.

15 May 2017
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of three individuals, namely Norhashmilaidi bin Hashim (Norhashmilaidi), Ngan Piang Heng @ Ngam Siong Fook (Ngan) and Abd Malik bin Abu Bakar (Malik). All three CMSRLs were revoked under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 27 March 2017 for Norhashmilaidi and Ngan, and 18 April 2017 for Malik.

09 May 2017
The Securities Commission Malaysia (SC) today introduced the Digital Investment Management framework, setting out licensing and conduct requirements for the offering of automated discretionary portfolio management services to investors. Digital investment management is a fund management business which incorporates innovative technologies into discretionary portfolio management services.

08 May 2017
Islamic finance can play a greater role in infrastructure financing via Public Private Partnerships (PPP) to facilitate more sustainable developments, said Securities Commission Malaysia (SC) and World Bank Group at a joint conference held at the SC’s headquarters at Kuala Lumpur today.

26 April 2017
Securities Commission Malaysia (SC) today released the new Malaysian Code on Corporate Governance (MCCG), a set of best practices to strengthen corporate culture anchored on accountability and transparency.

13 April 2017
Securities Commission Malaysia (SC) today brought into effect a new guideline to allow the regulated short selling of corporate bonds in the Malaysian capital market.

05 April 2017
The Federal Court had, on Monday 3 April 2017, dismissed PM Securities Sdn Bhd (PM Securities) application for leave to appeal to the Federal Court against two decisions of the Court of Appeal in dismissing its judicial review applications against the Securities Industry Dispute Resolution Center (SIDREC)’s award.

29 March 2017
Securities Commission Malaysia (SC) today charged three individuals for insider trading offences under section 188 of the Capital Market and Services Act 2007 (CMSA).

23 March 2017
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Cheng Seng Chow (Cheng) under section 72 read together with section 65(1)(l) of the Capital Markets and Services Act 2007, effective 7 March 2017.

20 March 2017
Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against three individuals – namely Koh Tee Jin, Koh Thiam Seong and Koh Hui Sim – for insider trading involving the shares of Axis Incorporation Berhad (Axis).

15 March 2017
The Federal Court today upheld the validity of section 122(1) of the Securities Industry Act 1983 (SIA). Justice Tan Sri Jeffrey Tan Kok Wha, in delivering the apex court’s landmark decision, held that the provision did not violate the Federal Constitution.

13 March 2017
The ASEAN Capital Markets Forum (ACMF) today endorsed key initiatives to be implemented in 2017 under the ACMF Action Plan 2016-2020 that aims to create investment and business opportunities through greater connectivity, inclusiveness and resilience of capital markets within ASEAN.

06 March 2017
Securities Commission Malaysia (SC) today released a consultation paper inviting feedback on an enhanced framework for principal advisers as part of its ongoing efforts to develop a competitive and efficient capital market. This consultation paper is issued after a holistic review conducted last year on the 2009 Principal Adviser Guidelines.

17 February 2017
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of Yew Hock Ming (Yew), Ling Chen Yew (Ling) and Tiong Siew Ngaik (Tiong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 January 2017.

19 January 2017
The Court of Appeal today unanimously dismissed the appeal by the former independent directors of Transmile who were members of its Audit Committee for having knowingly authorised the furnishing of a misleading statement to the stock exchange.

19 January 2017
Securities Commission Malaysia (SC) today introduced a new framework for listing of Mineral, Oil and Gas (MOG) corporations that will expand opportunities for such businesses to enter the equity market.

21 December 2016
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Yap Yeng Chong (Yap) for the regulated activity of dealing in securities under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 22 August 2016.

14 December 2016
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Ravindran Nair a/l Vasudevan Nair (Ravindran) for the regulated activity of financial planning under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 November 2016.

01 December 2016
Securities Commission Malaysia (SC) today signed a Memorandum of Understanding (MoU) with MIMOS, the country’s research and development centre in ICT, to jointly develop a capital market advanced analytics platform.

24 November 2016
Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

18 November 2016
Securities Commission Malaysia (SC) today announced the appointment of Dato’ Gumuri Hussain as the Executive Chairman of Audit Oversight Board (AOB), effective 18 November 2016.

14 November 2016
Professor Datuk Rifaat Ahmed Abdel Karim, PhD, was today conferred the Royal Award for Islamic Finance 2016 (The Royal Award) by the King of Malaysia, His Majesty the Yang di-Pertuan Agong.

03 November 2016
Securities Commission Malaysia (SC) today introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs).

31 October 2016
Securities Commission Malaysia (SC) today issued new guidelines to enhance cyber resilience of the capital market by requiring capital market entities to establish and implement effective governance measures to counter cyber risk and protect investors.

30 October 2016
SCxSC Digital Finance Conference 2016 to Highlight Market-based Financing, Digital Investment Services, and Distributed Ledger Technology

26 October 2016
The Securities Commission Malaysia (SC) today called upon members of the public who had invested in an illegal futures and equity trading scheme to file their claims for restitution.

25 October 2016
The small and mid-cap sector comprises many companies that can benefit from more research coverage and investor interest. The introduction of a Small and Mid-Cap Public-listed Company (PLC) Research Scheme will help promote more liquidity and trading vibrancy in this sector. SC and Bursa Malaysia will initiate and operationalise this dedicated research scheme to provide independent analyst coverage on small and mid-cap companies.

25 October 2016
Securities Commission Malaysia (SC) today charged six individuals with insider trading offences under Section 188 of the Capital Market and Services Act 2007 (CMSA).

19 October 2016
Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against Dato’ Sreesanthan Eliathamby for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide).

13 October 2016
Securities Commission Malaysia (SC) recently filed a suit against Datin Chan Chui Mei, Deputy Managing Director, Stone Master Corporation Bhd (Stone Master) for allegedly causing wrongful loss to the listed corporation.

12 October 2016
Securities Commission Malaysia (SC) today published a consultation paper seeking public feedback on a proposed regulatory framework for trustees and custodians in the Malaysian capital market.

10 October 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Ong Kok Aun (Ong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 13 September 2016.

29 September 2016
Securities Commission Malaysia (SC) today charged a former Managing Director and three former executive directors of Patimas Computers Bhd (Patimas) with ten charges of causing wrongful loss to the company.

28 September 2016
Securities Commission Malaysia (SC) has reprimanded and imposed penalties on two executive directors of Dufu Technology Corporation Bhd (Dufu) for causing wrongful loss to the company.

23 September 2016
InvestSmart Fest Fosters Greater Collaboration Among Market Participants in Educating Investors

09 September 2016
The ASEAN Capital Markets Forum (ACMF) held its 25th meeting in Jakarta, hosted by the Indonesia Financial Services Authority (Otoritas Jasa Keuangan). At that meeting, members of the ACMF agreed to intensify efforts to promote ASEAN asset classes.

05 September 2016
The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) announce today that commercial and Islamic banks offering capital market services and products will become members of the Securities Industry Dispute Resolution Center (SIDREC), as part of efforts to enhance the financial dispute resolution arrangements for consumers in Malaysia.

01 September 2016
The Securities Commission Malaysia (SC) is pleased to announce the 3rd InvestSmart Fest which will be held on 23-25 September at Mid Valley Exhibition Centre, Kuala Lumpur.

15 August 2016
The Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate shareholder protection.

04 August 2016
The European Commission has recognised the Audit Oversight Board (AOB)’s requirements as comparable to that complied by its European Union counterparts for the purpose of transferring audit working papers and other related documents of inspection and investigation. This will facilitate effective cooperation and mutual reliance on each other’s oversight systems.

29 July 2016
The Securities Commission Malaysia (SC) today charged a former Executive Director of Kencana Petroleum Bhd, and two other individuals with insider trading. Yeow Kheng Chew (Yeow), 64, was charged at the Kuala Lumpur Sessions Court for acquiring 1,159,000 shares on 8 July 2011 whilst in possession of inside information.

28 July 2016
The Securities Commission Malaysia (SC) would like to warn the public about firms and individuals who promote the offering of financial planning services without being licensed by SC.

19 July 2016
The Securities Commission Malaysia (SC) today announced new initiatives to enhance the competitiveness and efficiency of the Malaysian unit trust industry.

14 July 2016
The Securities Commission Malaysia (SC) today released a consultation paper seeking public feedback on proposed enhancements to the Guidelines on Real Estate Investment Trusts (REITs Guidelines). The proposals are part of the SC’s efforts to facilitate growth of the maturing REITs market in a manner that promotes stronger governance practices and instills greater market confidence.

13 June 2016
The Securities Commission Malaysia (SC) today charged Datuk Ishak Ismail for making misleading statements on 5 June 2010 which was likely to induce the purchase of Kenmark shares by other persons. The charge under section 177(b) of the Capital Markets and Services Act 2007 relates to a statement which was published in ‘The Star’ newspaper dated 5 June 2010.

07 June 2016
The Securities Commission Malaysia (SC) would like to warn the public about get-rich-quick schemes which are being promoted under the guise of bonds investments. To add legitimacy to the scheme, the offerings are sometimes linked to foreign bonds. The schemes entice investors with promises of profits as high as 40% per month.

01 June 2016
The Securities Commission Malaysia (SC) today charged three individuals for illegally offering and issuing shares without registering a prospectus with the SC.

27 May 2016
The Chairman of the Securities Commission Malaysia (SC), Dato’ Seri Ranjit Ajit Singh, was accorded with the prestigious award of “Outstanding Contribution for the Development of the Islamic Capital Markets (ICM) by a Regulator” by the 10th Sukuk Summit Awards of Excellence, held as part of the 2016 London Sukuk Summit on 25 May 2016.

27 May 2016
The Kuala Lumpur High Court today confirmed the conviction and one-year jail term of former director and fund manager Wahid Ali bin Kassim Ali, for securities fraud committed between 2001 and 2002.

26 May 2016
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

25 May 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Jason Chan Yew Mun (Jason) effective from 26 April 2016. Jason was formerly attached with RHB Investment Bank Bhd as a CMSRL holder for dealing in securities.

10 May 2016
The Audit Oversight Board (AOB) has urged audit firms to embrace a quality-oriented culture as the tone at the top will positively influence partners and audit engagement teams’ behaviour and their commitment to audit quality.

18 April 2016
The Securities Commission Malaysia (SC) today released the proposed draft Malaysian Code on Corporate Governance 2016 (MCCG 2016) for public consultation.

13 April 2016
The Securities Commission Malaysia (SC) today announced the regulatory framework for peer-to-peer financing (P2P), setting out requirements for the registration of a P2P platform as provided in the amended Guidelines on Recognized Markets.

08 April 2016
The Securities Commission Malaysia (SC) today announced the appointment of Kamarudin Hashim and Chin Wei Min as Executive Directors with effect from 4 April 2016.

25 March 2016
The ASEAN Capital Markets Forum (ACMF) today approved the ACMF Annual Implementation Plan 2016 (Annual Plan 2016), which sets out ACMF’s immediate priorities for the year, during its 24th meeting hosted by the Securities and Exchange Commission, Thailand.

24 March 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Syed Fahmi Syed Omar (Syed Fahmi) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 29 February 2016

21 March 2016
Securities Commission Malaysia (SC) today published a consultation paper seeking public feedback on the proposed regulatory framework relating to the management of cyber security risk by capital market participants.

15 March 2016
The Securities Commission Malaysia (SC) today hosted over 200 regulators and capital market industry leaders from 23 countries at the inaugural GEMP Conference 2016.

10 March 2016
The equity market increased by 2.6% to RM1.70 trillion from RM1.65 trillion in 2014, while the bond and sukuk market grew by 1.4% to RM1.12 trillion, according to the Securities Commission Malaysia (SC) in conjunction with the release of its 2015 annual report.

09 March 2016
The Court of Appeal today unanimously upheld convictions against Dato’ Phillip Wong Chee Kheong, 54, and Francis Bun Lit Chun, 46, former directors of the Impetus Group of Companies for manipulating Suremax Group Berhad shares over a period of four months.

08 March 2016
Guidance For Renminbi Qualified Foreign Institutional Investor (RQFII) Application

08 March 2016
Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) have jointly issued a Guidance Note to facilitate applications to the China Securities Regulatory Commission (CSRC) for an RQFII licence.

04 March 2016
The Securities Commission Malaysia (SC) wishes to announce that the Prime Minister and Minister of Finance has appointed Ahmad Fairuz Zainol Abidin as the SC’s new Deputy Chief Executive (DCE) which takes effect from 1 April 2016.

02 March 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licences (CMSRLs) of two individuals, Low Lay Ai and Tan Kai Kiat effective from 28 January 2016.

29 February 2016
The Sessions Court today sentenced Low Thiam Hock aged 53, to five years imprisonment and a fine of RM5 million for the manipulation of Repco Holdings Berhad shares in 1997.

23 February 2016
The International Organisation of Securities Commissions (IOSCO), the global body of capital market regulators has approved the establishment of its first ever regional office to be set up in Kuala Lumpur.

27 January 2016
The Court of Appeal had on 26 January 2016 allowed the Securities Commission Malaysia’s (SC) application to strike out the suit filed by Crowe Horwath and two of its partners, Onn Kien Hoe and Lee Kok Wai.

27 January 2016
On 19 January 2016, in a unanimous decision, the Federal Court held that statements recorded by an investigating officer of the Securities Commission Malaysia (SC) in the course of its investigation are protected from disclosure in both civil and criminal proceedings as a matter of public interest.

26 January 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Hon Sook Yin (“Hon”) effective from 18 December 2015.

21 January 2016
Global emerging capital market regulators met this week in Bali, Indonesia, at the IOSCO Growth and Emerging Markets (GEM) Committee annual meeting hosted by the Indonesian Financial Services Authority to further work on strengthening systemic resilience while remaining alert to market risks.

11 January 2016
The Kuala Lumpur Sessions Court today found Low Thiam Hock, also known as Repco Low (Low) guilty of market manipulation involving the shares of Repco Holdings Bhd (Repco). Low was a former Executive Chairman of Repco.

10 January 2016
Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have opened nominations for the fifth Visiting Fellowship at OCIS under the Scholar in Residence (SIR) Programme in Islamic Finance, for the academic year commencing October 2016.

07 January 2016
Securities Commission Malaysia (SC) recently filed a civil suit against two individuals namely Teng Choon Kwang and Tan Boon Hwa at the Kuala Lumpur High Court, for insider trading involving the shares of Inti Universal Holdings Bhd (Inti).

10 December 2015
The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Licence (CMSL) of Mercury Asset Management Sdn Bhd (MAM) for the regulated activity of fund management effective from 19 November 2015.

08 December 2015
The Securities Commission Malaysia (SC) today charged a director of Transocean Holdings Berhad (THB) and two other individuals with insider trading. Tan Swee Hock, 62, was charged at the Kuala Lumpur Sessions Court for acquiring 632,700 units of Transocean Holdings Berhad shares between 20 August 2009 and 6 November 2009 whilst in possession of material non-public information.

02 December 2015
The Audit Oversight Board (AOB) has revoked the registration of an audit firm Wong Weng Foo & Co along with the Managing Partner, Wong Weng Foo and its Partner, Abdul Halim Husin effective from 2 December 2015.

27 November 2015
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

24 November 2015
The Securities Commission Malaysia (SC) today charged a former Chief Executive Officer (CEO) of Melewar Industrial Group Berhad, and two other individuals with insider trading. Datuk Lim Kim Chuan, 56, was charged at the Kuala Lumpur Sessions Court for acquiring 398,000 units of M3nergy Berhad shares between 6 August 2008 and 11 September 2008 whilst in possession of material non-public information.

23 November 2015
Bank Negara Malaysia and Securities Commission Malaysia welcome the People’s Bank of China’s announcement today to extend the RQFII programme to Malaysia with an aggregate quota of RMB50 billion. This represents another milestone in our country’s deepening collaboration with China, and will complement the renminbi clearing bank arrangement in Malaysia. Together, these initiatives will support the growing trade, investment and financial flows between China and Malaysia as well as position Malaysia as another offshore renminbi centre in the region.

27 October 2015
Malaysia’s Royal Award for Islamic Finance commenced a global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations for the fourth recipient of the Royal Award.

21 October 2015
The Kuala Lumpur Sessions Court today convicted a licensed audit partner for abetting United U-Li Corporation Berhad (United U-Li), a public listed company, in making a misleading statement to Bursa Malaysia Securities Berhad, an offence under section 122B(b)(bb) read together with section 122C(c) of the Securities Industry Act 1983.

15 October 2015
The Securities Commission Malaysia (SC) today invited public feedback on the proposed requirements for the admission of companies involved in mineral, oil and gas exploration or extraction (MOG) activities to the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia).

30 September 2015
The Securities Commission Malaysia (SC) recently announced the coming into force of the Capital Markets and Services (Amendment) Act 2015 (CMSA) and Securities Commission (Amendment) Act 2015 (SCMA Amendments) on 15 September 2015. The SCMA Amendments, among others, amended the provisions relating to the Audit Oversight Board (AOB) as provided under Part IIIA of the SCMA.

30 September 2015
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Khoo Chee Leong (Khoo) effective from 28 August 2015. Khoo was formerly attached to Kenanga Investment Bank Berhad (KIBB) as a CMSRL holder for dealing in securities.

28 September 2015
The Court of Appeal today ruled in favour of the SC when it held that section 122(1) of the Securities Industry Act 1983 (SIA) to be constitutional. Justice Dato’ Tengku Maimun Binti Tuan Mat, in delivering the decision of the Court of Appeal stated that the section did not violate the Federal Constitution.

17 September 2015
The Securities Commission Malaysia (SC) today announced the coming into force of the Capital Markets and Services (Amendment) Act 2015 (CMSA) and Securities Commission (Amendment) Act 2015 (SCMA) on 15 September 2015.

17 September 2015
The Kuala Lumpur High Court today dismissed the appeal by two former independent directors of Transmile Group Berhad against their conviction and sentence for knowingly authorising the furnishing of a misleading statement to Bursa Malaysia in 2007.

11 September 2015
Kuala Lumpur Sessions Court Judge Haji Zanol Rashid Hussain today convicted the former Managing Director of Pancaran Ikrab Berhad (PIB), a company previously listed on the stock exchange, for committing criminal breach of trust (CBT) in respect of the company’s funds amounting to RM37 million.

10 September 2015
The Securities Commission Malaysia (SC) today started the process of restituting victims of an illegal futures trading scheme by calling upon eligible claimants to file their notice of claims before 5pm, 25 September 2015.

03 September 2015
Securities Commission Malaysia (SC) today launched the “Alliance of FinTech Community” or “[email protected]”, an initiative to catalyse greater interest towards the development of Financial Technology (fintech).

02 September 2015
The ASEAN Capital Markets Forum (ACMF) continues to drive greater connectivity of the region’s US$3.5 trillion capital markets which aims to create more opportunities and avenues for ASEAN businesses and investors to benefit from, as well as to contribute, to regional growth and economic integration.

31 July 2015
The Securities Commission Malaysia (SC) today charged two individuals with insider trading offences under section 89E(2)(a) of the Securities Industry Act 1983.

09 July 2015
The Securities Commission Malaysia (SC) today charged a former director of Linear Corporation Bhd (Linear) for authorising the furnishing of a false statement to Bursa Malaysia Securities Berhad.

08 July 2015
The Securities Commission Malaysia (SC) today announced liberalisation to its rules governing the fund management industry, allowing the establishment of boutique fund management companies through a more facilitative structure.

02 July 2015
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Lim Chin Wat effective from 28 May 2015.

15 June 2015
The Securities Commission Malaysia (SC) today brought into effect the Lodge and Launch framework for wholesale products and the “Guidelines on Unlisted Capital Market Products” issued on 9 March 2015, a major reform in the SC funds and product approval regime which will significantly reduce time-to-market for wholesale products.

11 June 2015
The Securities Commission Malaysia (SC) announced the list of six registered equity crowdfunding platforms at the Synergy and Crowdfunding Forum (SCxSC) 2015, giving small businesses and entrepreneurs greater access to capital.

10 June 2015
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licenses (CMSRLs) of two individuals, Robyn Lau Zheng-Yin and Shahmir Pavin Joshi effective from 20 May 2015.

02 June 2015
Audit firms should embrace and actualise professional ethics and values as a strategy to improve audit quality, urged Audit Oversight Board (AOB) in releasing its 2014 Annual Report.

01 June 2015
The Securities Commission Malaysia (SC) filed suit against three individuals namely Chan Soon Huat, Goh Ching Liong and Leong Ah Chai, at the Kuala Lumpur High Court recently, for insider trading in the shares of WCT Berhad (WCT).

28 May 2015
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

15 December 2014
The Securities Commission Malaysia (SC) today charged three individuals with insider trading offences under Section 188 of the Capital Markets and Services Act 2007.

12 December 2014
The Committee to Strengthen the Accountancy Profession (CSAP), a multi-agency panel formed by the Ministry of Finance, today released a consultative document and invited public feedback on the proposed recommendations to enhance the accountancy profession in Malaysia.

09 December 2014
Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have opened nominations for the fourth Visiting Fellowship at OCIS under the Scholar in Residence (SIR) Programme in Islamic Finance for the academic year commencing October 2015.

09 December 2014
The Securities Commission Malaysia today charged Tiong Kiong Choon (Tiong) for insider trading offences under Section 188(2)(a) of the Capital Markets and Services Act 2007.

27 November 2014
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

28 October 2014
The Securities Commission Malaysia (SC) and the UAE’s Securities and Commodities Authority (SCA) today exchanged a memorandum of understanding (MoU) to forge a strategic partnership in capacity building between the two leading regulators of Islamic capital markets.

09 October 2014
Malaysia has strengthened its regional standing in corporate governance after recording higher scores in the biennial Corporate Governance Watch 2014 Report (CG Watch).

07 October 2014
The Securities Commission Malaysia (SC) today issued the Shariah Parameters on Islamic Exchange-Traded Fund (i-ETF) based on gold and silver as guidance and reference from Shariah perspective to facilitate product development by industry participants.

25 September 2014
Securities Commission Malaysia (SC) today released its public response on the proposed equity crowdfunding (ECF) framework.

19 September 2014
Securities Commission Malaysia (SC) has organised the first equity crowdfunding forum in Malaysia, bringing together over 600 entrepreneurs and investors to create public awareness on the potential of equity crowdfunding as an alternative channel to raise capital.

09 September 2014
Second Finance Minister, Dato’ Seri Ahmad Husni Hanadzlah today launched Securities Commission Malaysia’s (SC) InvestSmart Fest, a collaboration with the industry to educate investors and raise the level of financial and investment literacy among Malaysians.

09 September 2014
Second Finance Minister, Dato’ Seri Ahmad Husni Hanadzlah today launched Securities Commission Malaysia’s (SC) InvestSmart Fest, a collaboration with the industry to educate investors and raise the level of financial and investment literacy among Malaysians.

02 September 2014
The Royal Award for Islamic Finance (The Royal Award) was presented to Dato’ Dr. Abdul Halim Ismail by the King of Malaysia, His Majesty the Yang di-Pertuan Agong, at the Dinner and Award Presentation in Malaysia held in conjunction with the Global Islamic Finance Forum 2014 (GIFF 2014).

28 August 2014
The Securities Commission Malaysia (SC) today launched the Sustainable and Responsible Investment (SRI) Sukuk framework to facilitate the financing of sustainable and responsible investment initiatives. The proposal on the SRI sukuk framework was first announced in the 2014 budget speech.

25 August 2014
The ASEAN Capital Markets Forum (ACMF) announced today that the ASEAN Framework for cross-border offering of collective investment schemes (CIS) is now operational in Malaysia, Singapore and Thailand (member jurisdictions).

21 August 2014
The Securities Commission Malaysia (SC) today published a consultation paper seeking public feedback on the proposed regulatory framework for equity crowdfunding (ECF).

14 August 2014
The Royal Award for Islamic Finance (The Royal Award) Dinner and Award Presentation will be held in Malaysia on 2 September 2014 in conjunction with the Global Islamic Finance Forum 2014 (GIFF 2014). The Royal Award, held once every two years, is spearheaded by Bank Negara Malaysia and Securities Commission Malaysia under the Malaysia International Islamic Financial Centre (MIFC) initiative.

22 July 2014
The Securities Commission Malaysia (SC) took enforcement action today against seven individuals at the Kuala Lumpur High Court for the manipulation of DVM Technology Bhd (DVM) shares.

27 June 2014
Securities Commission Malaysia (SC) and Minority Shareholder Watchdog Group (MSWG) today launched the Malaysian Code for Institutional Investors, a code and set of best practices collectively developed by Malaysia’s largest institutional investors namely Employees Provident Fund (EPF), Permodalan Nasional Berhad (PNB), Kumpulan Wang Persaraan (KWAP), Social Security Organisation (SOCSO), Lembaga Tabung Angkatan Tentera (LTAT) and Lembaga Tabung Haji (LTH).

23 June 2014
The Securities Commission Malaysia (SC) announced today the appointment of Datuk Siti Hadzar Mohd Ismail as the Chairman of Federation of Investment Managers Malaysia (FIMM).

19 June 2014
The Securities Commission Malaysia (SC) today launched InvestSmartTM, a comprehensive investment literacy outreach campaign under the SC’s Investor Empowerment initiative, to enable more confident and informed retail participation in the capital market.

18 June 2014
Public Listed Companies (PLCs) from Malaysia continue to emerge amongst the top scorers in the ASEAN Corporate Governance Scorecard Country Report and Assessments 2013-2014, released by the ASEAN Capital Markets Forum (ACMF) today.

17 June 2014
Malaysia & Hong Kong Enhance Cross Border Partnership on Islamic Capital Market The Securities Commission Malaysia (SC) and Securities and Futures Commission of Hong Kong (SFC) today jointly organised a seminar in Hong Kong on Islamic funds in response to the growing interest on Islamic Finance, including in the collective investment space, in Hong Kong.

02 June 2014
Audit Oversight Board (AOB) has prohibited Wong Weng Foo & Co from accepting Public Interest Entities (PIEs) as clients for 12 months as the firm failed to comply with Section 31N (1) of the Securities Commission Act 1993 which requires audit firms to be registered with the AOB when acting as auditors of PIE.

29 May 2014
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

12 May 2014
Audit firms are reminded to perform the necessary audit procedures to evaluate whether the overall presentation of the financial statements is in accordance with the applicable financial reporting framework, according to the Audit Oversight Board (AOB) in releasing its fourth annual report.

07 May 2014
The Securities Commission Malaysia (SC) is investigating the five companies below for suspected breaches of the securities laws in relation to dealing in futures contracts without a licence:

09 April 2014
The High Court today dismissed Dato Phillip Wong Chee Kheong’s appeal against a two-year jail term and a fine of RM3 million meted out by the Sessions Court upon his conviction under section 84(1) Securities Industry Act 1983.

31 March 2014
The Securities Commission Malaysia (SC) today released an Interim Progress Survey (Survey) to gather market opinion and perception on some of the corporate governance efforts and initiatives implemented under the Corporate Governance Blueprint (CG Blueprint).

22 March 2014
Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) co-hosted the 5th Roundtable on Islamic Finance in Kuala Lumpur today to discuss the development of Waqf, an Islamic endowment, and how it can contribute towards broadening the Islamic finance industry globally.

18 March 2014
The Kuala Lumpur High Court today dismissed the appeal by Dato’ Phillip Wong Chee Kheong and Francis Bun Lit Chun and affirmed their conviction for their involvement in the manipulation of Suremax Group Berhad (Suremax) shares.

12 March 2014
The Malaysian capital market grew by 10.5% to RM2.7 trillion in 2013, said the Securities Commission Malaysia (SC) in conjunction with the release of its annual report. Key market segments recorded steady growth on the back of robust domestic fundamentals. The market also remained resilient despite volatility which affected emerging markets globally.

10 March 2014
Over 100 regulators from 35 jurisdictions who are members of the International Forum of Independent Audit Regulators (IFIAR) are in Kuala Lumpur this week for the 8th IFIAR Inspection Workshop. The Workshop is a closed-door event to share technical skills, knowledge, practical experiences, relevant inspection findings and the identification of better practices in inspecting audit firms.

24 February 2014
Securities Commission Malaysia (SC) Chairman Datuk Ranjit Singh received His Excellency Mohammed Al-Sheikh, the Chairman of the Saudi Arabian Capital Market Authority (CMA) in a courtesy call to the SC on his first official visit to Malaysia. They were joined by senior representatives from both national capital market regulators for a discussion on collaboration between the two countries.

28 January 2014
Applications and nominations are now open for the Visiting Fellowship at the Oxford Centre for Islamic Studies under the Scholar in Residence Programme in Islamic Finance for the academic year commencing October 2014.

10 January 2014
The Securities Commission Malaysia (SC) today charged Dato’ Ch’ng Chong Poh, the former Chief Executive Officer (CEO) of Malaysia Pacific Corporation Berhad (MPAC) with 58 counts of insider trading of MPAC shares between 14 May 2008 and 20 August 2008.

18 December 2013
Securities Commission Malaysia (SC) today revised its Equity Guidelines to enhance investor protection and market efficiency. The key changes include additional investor safeguards and a practice note to clarify the regulatory principles and requirements of Special Purpose Acquisition Companies (SPACs), as well as introducing an easier transfer process for ACE Market counters to move to the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities).

16 December 2013
The Court of Appeal on Friday (13 December 2013) found Mohamed Bin Abdul Wahab, who was previously both a licensed fund manager and executive director of Metrowangsa Asset Management Sdn. Bhd. (Metrowangsa), guilty of authorising the furnishing of misleading statements to the Securities Commission (SC) in Metrowangsa’s semi-annual report from 2000 to 2001.

06 December 2013
Securities Commission Malaysia (SC) today organised its “SC REACH” roadshow in collaboration with industry and government agencies. This 3-day investor education programme is being held from 6 to 8 December at Suria Sabah Mall, Kota Kinabalu.

28 November 2013
Securities Commission Malaysia (SC) will release the updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC) on 29 November 2013, based on the revised screening methodology as announced on 18 June 2012.

20 November 2013
Securities Commission Malaysia (SC), Bank Negara Malaysia (BNM) and Perbadanan Insurans Deposit Malaysia (PIDM) issued a joint consultation paper today on requirements for the reporting of trading activity in over-the-counter (OTC) derivatives markets to a trade repository.

13 November 2013
Malaysia’s Royal Award for Islamic Finance (The Royal Award) commences the third global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations.

08 November 2013
Securities Commission Malaysia (SC) has imposed a fine of RM200,000 on Ranhill Energy and Resources Berhad (Ranhill) and reprimanded and fined Tan Sri Hamdan Mohamad RM 300,000 for failure to disclose to SC material changes related to Ranhill’s listing.

30 October 2013
The Islamic Financial Services Board (IFSB), the International Organization of Securities Commissions (IOSCO) and the Securities Commission Malaysia (SC) are pleased to announce that the joint publication “Disclosure Requirements for Islamic Capital Market Products” was released at the IOSCO 38th Annual Conference in Luxembourg, which took place on 15-19 September 2013. This publication is a compilation of the Issues Papers and commentaries presented at the IFSB-IOSCO-SC Roundtable on Disclosure Requirements for Islamic Capital Market (ICM) Products, held in Kuala Lumpur in September 2012.

30 October 2013
Securities Commission Malaysia (SC) and the Autoriti Monetari Brunei Darussalam (AMBD) signed a Memorandum of Understanding (MOU) to facilitate mutual efforts in building capital markets in Malaysia and Brunei Darussalam, and to encourage greater cross-border activities, particularly in Islamic capital markets.

01 October 2013
The ASEAN Capital Markets Forum (“ACMF”) announced today that the Securities Commission of Malaysia, the Monetary Authority of Singapore and the Securities and Exchange Commission, Thailand have signed a Memorandum of Understanding (“MOU”) to establish the ASEAN CIS Framework for cross-border offering of collective investment schemes (“CIS”).

11 September 2013
Securities Commission Malaysia (SC) today charged two former directors of Silver Bird Group Berhad (Silver Bird), a manufacturer and distributor of bakery and confectionary products, for furnishing false information to Bursa Malaysia Securities Berhad between 2010 and 2011.

06 September 2013
Regulators from the Asia-Pacific region came together to bolster cross-border cooperation in market surveillance at the ‘Market Integrity Forum’ and a closed-door ‘Regional Regulators Dialogue on Market Surveillance’, jointly hosted by the Securities Commission Malaysia (SC) and the Australian Securities and Investments Commission (ASIC) in Kuala Lumpur recently.

28 August 2013
The Audit Oversight Board (AOB) today reprimanded two auditors for failing to discharge their professional duties as set out in the International Standards on Auditing (ISA). One of the auditors was also fined RM10,000 for breaching the ISA and the by-laws of the Malaysian Institute of Accountants (MIA) which relates to auditors’ independence.

27 August 2013
The Securities Commission Malaysia (SC), in collaboration with industry players, today launched a specialised and structured programme to attract and train 1000 graduates as licensed representatives for the capital market in the next three years.

20 August 2013
The Securities Commission Malaysia (SC) has signed a series of Memoranda of Understanding (MoUs) with European Union securities regulators to cooperate on the supervision of cross border offering of alternative investment funds, as required under the EU Alternative Investment Fund Managers (AIFM) Directive.

19 August 2013
The Audit Oversight Board (AOB) today reprimanded four auditors for failing to discharge their professional duties as set out in the International Standards on Auditing. On top of that, one of the auditors was also fined RM5,000 for breaching the by-laws of the Malaysian Institute of Accountants (MIA) which relates to auditors’ independence.

15 July 2013
The European Commission has acknowledged Malaysia’s audit framework as at par with international and best practices, with its rules pertaining to public oversight, quality assurance, investigation and penalty systems for auditors and audit are of equivalence of theirs.

25 June 2013
The Securities Commission Malaysia (SC) is working with the industry to accelerate awareness on Private Retirement Schemes (PRS). At the first PRS Conference since the framework was launched last year, pension experts around the world together with industry representatives gathered at the SC today to discuss growth prospects of the private pension industry.

21 June 2013
The 7th London Sukuk Summit Awards for 2013 was held on 12 June where the objective of the Awards is to recognise the outstanding contribution by and achievements of individuals, institutions, supranationals and financial centres serving the global Islamic financial services industry, especially the proliferating global sukuk market. The Award for Dato Dr Nik Ramlah Mahmood recognises her 18 years contribution to the development of the Islamic capital market reform and development and also as a core member of the OECD Asia Roundtable on Corporate Governance.

18 June 2013
The Securities Commission Malaysia (SC) is organising a private retirement scheme (PRS) exhibition which would be held at the SC Building in Bukit Kiara on Saturday, 29 June 2013, between 9:30 a.m. to 2.00 pm. This event would provide a unique opportunity for individuals to engage with all the PRS Providers and to gain further insight on the range of schemes offered by them. In addition to the exhibition, the programme features informative talks by these providers throughout the duration of this event.

30 May 2013
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

30 May 2013
The Audit Oversight Board (AOB) today issued its third annual report and urged audit firms to focus on the actual root causes of their audit deficiencies in formulating remediation plans to improve audit quality.

29 May 2013
Securities Commission Chairman Datuk Ranjit Ajit Singh has been elected as the Chairman of the Emerging Markets Committee (EMC) of the International Organisation of Securities Commissions (IOSCO). As the Chairman of the EMC, Datuk Ranjit leads the largest committee within IOSCO, accounting for 86 members worldwide, representing the world’s fastest growing economies, including 10 of the G-20 members.

27 May 2013
Securities Commission Malaysia (SC) today shared with the industry a conceptual framework for an unlisted market, Malaysia’s first online platform to trade unlisted securities and alternative investment products (MyULM).

30 April 2013
Applications and nominations are now open for the Visiting Fellowship at the Oxford Centre for Islamic Studies under the Scholar in Residence Programme in Islamic Finance for the academic year commencing October 2013.

30 April 2013
The Sessions Court convicted Zamani Hamdan today for carrying on the business of trading in futures contracts without a Capital Markets Services Licence (CMSL) through his company Rantau Simfoni Sdn Bhd.

09 April 2013
The Securities Commission (Audit Oversight Board) (Fees) (No. 2) (Amendment) Regulations 2011 requires an individual auditor who is registered as auditor under section 31O of the Securities Commission Act 1993 to pay a fee of RM 5,000. Consequently, an individual auditor who is registered under more than one audit firms will have to pay registration fees based on the number of audit firms where he is a partner of.

26 March 2013
The Securities Commission Malaysia (SC) today charged Lee Koon Huat, a former advisor of Axis Incorporation Bhd (Axis) for abetting Axis in furnishing false statements to Bursa Malaysia Securities Berhad in 2006 and 2007.

21 March 2013
The Securities Commission Malaysia (SC) today charged three former directors of Axis Incorporation Bhd (Axis) for providing false information to Bursa Malaysia Securities Bhd between 2006 and 2008.

14 March 2013
The Malaysian capital market registered a record performance in 2012 with the overall size reaching RM2.5 trillion, a 16.4% increase from RM2.1 trillion in 2011. All market segments saw double digit growth between the range of 14.1% to 22.6%.

05 March 2013
The Court of Appeal today struck out the appeal by Ashari Rahmat against his conviction and sentence for swapping successful balloted envelopes for the initial public offering (IPO) of UPA Corporation Bhd(UPA) shares, with those that did not go through the process at the Malaysian Issuing House (MIH) between 15 to 16 February 1997.

28 February 2013
The Court of Appeal today unanimously overturned the decision by the High Court and Sessions Court to acquit Low Thiam Hock for manipulating the price of Repco Holdings Bhd (Repco) shares on the Kuala Lumpur Stock Exchange (KLSE) on 3 December 1997.

07 February 2013
The Securities Commission Malaysia (SC) has filed a civil suit against RBTR Asset Management (RBTR) and seven other defendants for various breaches of the securities laws.

04 February 2013
2012 proved to be a significant year for the Malaysian capital market with a record amount of RM145.9 billion in funds raised through corporate bonds and initial public offerings (IPOs), a substantial increase of 89% compared to the RM77.2 billion raised in 2011.

18 January 2013
ASEAN regulators met in Kuala Lumpur this week to discuss regional co-operation in Islamic capital market as part of the ASEAN Capital Market Forum’s (ACMF) efforts to better integrate the region’s capital markets.

15 January 2013
In an attempt to address the high attrition and turnover rates in accounting firms, ACCA (the Association of Chartered Certified Accountants) and the Audit Oversight Board (AOB) jointly conducted a survey to determine the state of audit talent in Malaysia.

02 January 2013
Securities Commission Malaysia (SC) today announced the coming into force of the Capital Markets and Services (Amendment) Act 2012 (CMSA 2012), together with the issuance of several guidelines, which aim to encourage market and product innovation, promote market efficiency, and allow more informed investment decisions.

20 December 2012
The Securities Commission Malaysia (SC) and Bursa Malaysia Securities Bhd (Bursa Securities) today published a joint consultation paper seeking public feedback on the proposed Best Practice Guide on Independent Advice Letters (IAL Guide).

19 December 2012
The Securities Commission Malaysia (SC) and Bursa Malaysia Securities Bhd (Bursa Securities) today published a joint consultation paper seeking public feedback on the proposed Best Practice Guide on Independent Advice Letters (IAL Guide).

19 December 2012
Auditors and audit firms need to do more to improve their consistency of performance, noted by the first global survey on audit regulators’ inspection findings released by the International Forum of Independent Audit Regulators (IFIAR) yesterday.

29 November 2012
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

07 November 2012
The Securities Commission Malaysia (SC) and the Securities and Futures Commission (SFC) Hong Kong yesterday jointly launched the Asia Pacific Take-overs Regulators Forum, which will incorporate the first e-platform in the region for take-overs regulators.

30 October 2012
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) signed a new memorandum of understanding (MoU) on 30 October 2012. This MoU builds on and further strengthens the MoUs signed by BNM and the SC in 2002 and 2007 respectively. It takes into account the changing financial landscape and the new international regulatory regime.

25 October 2012
SC-UiTM Contemporary Art Show

10 October 2012
In a prosecution brought by the Securities Commission Malaysia, the Kuala Lumpur Sessions Court today sentenced a former director of LFE Corporation Bhd (LFE) to one year imprisonment and a total fine of RM1.2 million for knowingly permitting the furnishing of false statements by LFE to Bursa Malaysia Securities Bhd, in relation to LFE’s unaudited financial results for all four quarters for its financial year ended 31 December 2007.

08 October 2012
The Securities Commission Malaysia (SC) today issued the Guidelines for Registered Persons which provides for two new classes of registered persons, namely Trading Representative and Introducing Representative.

04 October 2012
The Audit Oversight Board Malaysia (AOB) today established official collaboration in audit oversight with the Japan Financial Services Authority (JFSA) and the Certified Public Accountants Audit Oversight Board (CPAAOB).

01 October 2012
The Securities Commission Malaysia (SC) today announced the appointment of Ahmad Fairuz Zainol Abidin as Executive Director of Enforcement with effect from 1 October 2012. As Executive Director in charge of enforcement, Ahmad Fairuz will lead the SC’s investigation, prosecution and civil enforcement teams.

27 September 2012
Malaysia has improved its ranking in terms of corporate governance (CG) in the Asia-Pacific region by advancing to the fourth spot, two notches up from the sixth position it held in 2010, according to a regional survey on corporate governance.

25 September 2012
The Securities Commission Malaysia (SC) today issued an expanded Practice Note addressing the requirements on independent advice circulars for take-over offers.

24 September 2012
The Securities Commission Malaysia (SC) is pleased to announce that Dr Amir Shaharuddin from the Islamic Science University of Malaysia (USIM) has been selected as the first Visiting Fellow of the SC-OCIS Scholar-in-Residence Programme. This programme is part of an ongoing collaboration between the SC and the Oxford Centre for Islamic Studies (OCIS), UK.

18 September 2012
The growing recognition of the increasing significance of Islamic capital market, especially in view of rising cross-border transactions, has triggered the need for stronger oversight, greater transparency and more robust disclosure requirements, global standard-setters and senior regulators acknowledged today.

17 September 2012
Key personalities in the global Islamic finance industry will gather in Kuala Lumpur next week to witness the recognition to a deserving individual who has contributed extensively to the development of Islamic finance globally.

10 September 2012
The Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia (SC), has appointed Azman Hisham Che Doi as its Chief Executive Officer with immediate effect.

07 September 2012
The Securities Commission Malaysia (SC) today launched the Malaysian retail bonds and sukuk framework that provides retail investors direct access to invest in bonds and sukuk.

04 September 2012
The Securities Commission Malaysia (SC) today charged former remisier Dato’ David Goh Hock Choy in the Kuala Lumpur Sessions Court for manipulating Lii Hen Industries Bhd (Lii Hen) shares.

09 August 2012
The Securities Commission Malaysia (SC) has successfully obtained a judgement in the High Court here on Wednesday that saw seven individuals involved in illegal futures trading activities agreeing to settle a sum of more than RM2.3 million, the amount that they had solicited from members of the public and which was claimed by the SC against them.

02 August 2012
Fund raising activities in Q2 2012 continued to be robust with the Securities Commission Malaysia (SC) receiving a total of 56 applications for equity related proposals andissuances of private debt securities (PDS) in Q2, three times the applications received in Q1 2012.

20 July 2012
The Securities Commission (SC) today charged Dato’ Sreesanthan Eliathamby, a corporate lawyer who sits on the boards of several public listed companies, with seven counts of insider trading. Dato’ Sreesanthan was charged with insider trading in the shares of four listed companies between 2006 and 2008.

19 July 2012
The Securities Commission Malaysia (SC) today announced the members of its Shariah Advisory Council (SAC) who will serve for a two-year period commencing 1 July 2012. The SAC is the central authority responsible for determining the Shariah principles of the Islamic capital market in Malaysia.

18 July 2012
Dato’ Sri Mohd Najib Tun Razak, Prime Minister of Malaysia, launched the final component of the private retirement scheme framework today with the establishment of the Private Pension Administrator and the approval by the SC of the first set of Private Retirement Schemes.

11 July 2012
Malaysia’s Royal Award for Islamic Finance (The Royal Award) received 32 nominations globally. Nominations closed on 1 June 2012.

27 June 2012
The Islamic finance industry is presently at a crucial stage where it needs to redefine and establish the enabling environment that will spur its next phase of growth.

18 June 2012
The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) today announced the adoption of a revised screening methodology to determine the Shariah-compliant status of listed companies.

18 June 2012
The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) today announced the adoption of a revised screening methodology to determine the Shariah-compliant status of listed companies.

08 June 2012
Beyond box-ticking to doing the right things

29 May 2012
The initiatives announced by the Prime Minister at today’s Invest Malaysia follow from the Prime Minister’s launch of the Capital Market Masterplan (CMP2) at last year’s Invest Malaysia. As envisioned in the CMP2, these initiatives are part of the overall strategy towards creating a capital market that is internationally competitive, fair and efficient.

24 May 2012
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

18 May 2012
Datuk Ranjit Ajit Singh, Chairman of the Securities Commission Malaysia (SC), has been elected as a member of the Board of the International Organization of Securities Commissions (IOSCO), the governing body of IOSCO responsible for leading the direction and process of standard-setting and decision-making on policy issues affecting global capital markets.

14 May 2012
The Audit Oversight Board of Malaysia (AOB) hosted regulators from Malaysia, Singapore and Thailand, other related agencies and representatives from the Big-4 audit firms, at a roundtable in Kuala Lumpur today, to discuss issues relating to the implementation of the International Standards in Auditing No 600 (ISA 600). Under the standard, the group engagement partner is responsible for the direction, supervision and performance of the group audit engagement in compliance with professional standards and regulatory and legal requirements. The group engagement partner also determines whether the auditor’s report that is issued is appropriate.

10 May 2012
First Roundtable of Regional Take-over Regulators held in Kuala Lumpur The Securities Commission Malaysia (SC) and Securities and Futures Commission (SFC) Hong Kong jointly organised a Roundtable of Regional Take-over Regulators of nine jurisdictions in Kuala Lumpur from 9 to 11 May.

08 May 2012
The Federal Court today dismissed Ramesh Chelliah’s application for leave to challenge the Court of Appeal’s decision on the Audit Oversight Board (AOB)’s registration of PricewaterhouseCoopers (PwC) on 1 April 2010 under the Securities Commission Act 1993. He was also ordered to pay costs of RM10,000 to the Securities Commission Malaysia (SC). The decision of the Federal Court today concludes the case.

02 May 2012
The Royal Award, which was inaugurated in 2010 as a biennial award, is spearheaded by Bank Negara Malaysia and the Securities Commission Malaysia in support of the Malaysia International Islamic Financial Centre (MIFC) initiative. The Royal Award focuses on an individual’s record of achievement and outstanding contribution to the advancement of Islamic finance globally.

30 April 2012
The Securities Commission Malaysia (SC) received a total of 19 corporate proposals in Q1 2012 as compared to 41 proposals in Q4 2011. In line with the trend of increasing preference for fund-raising through issuance of corporate bonds and sukuk, the majority (79%) of the proposals were for issuance of private debt securities (PDS).

25 April 2012
The Audit Oversight Board (AOB) today released its Annual Report 2011 which noted that audit firms are responding to the findings of inspections by implementing remediation plans to improve the overall quality of their audit work.

17 April 2012
The Scholar in Residence Programme is another collaborative initiative between the SC and OCIS. The first initiative is the annual SC-OCIS Roundtable on Islamic finance, a thought-leadership platform for international debate and discussion on Islamic finance issues which has been effective in creating a forum for distinguished Shariah scholars, academicians, regulators and Islamic finance practitioners in various fields to explore solutions to the issues and challenges which impact the Islamic finance landscape.

05 April 2012
The Securities Commission Malaysia (SC) today announced the initial list of eight intermediaries approved as providers of Private Retirement Schemes (PRS Providers), marking a significant milestone in the development of a long-term sustainable private retirement industry for Malaysia.

28 March 2012
The Malaysian capital market continued to grow with fund raising approved by the Securities Commission Malaysia (SC) reaching RM118.93 billion at the end of 2011, compared to RM77.02 billion in 2010.

26 March 2012
The Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia (SC), today entered into a memorandum of understanding (MoU) with Universiti Teknologi MARA (UiTM) to introduce a capital market syllabus for its university students. This collaboration is aimed at supporting the talent development requirements in the Malaysian capital market and building a graduate talent pool that is “work-ready” for the industry.

16 March 2012
The ASEAN Capital Markets Forum (ACMF)1 announced today that the securities regulators and stock exchanges of Malaysia, Singapore and Thailand have signed a Memorandum of Understanding (MOU) on Expedited Review Framework for Secondary Listings.

13 March 2012
The Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) today concluded the third SC-OCIS Roundtable on Islamic Finance, a closed-door forum for Islamic finance experts, Shariah advisers and scholars from around the world which was held on 12 and 13 March 2012 in Kuala Lumpur.

09 March 2012
Tan Sri Zarinah Anwar, who has been Chairman of the Securities Commission Malaysia (SC) since 2006, will retire when her term is completed on 31 March 2012. Tan Sri Zarinah has played a key role in strengthening and developing the Malaysian capital market over the past ten years, establishing a robust regulatory and governance framework which has contributed to the growth of the market, and investing resources in building regulatory capacity.

09 February 2012
The Securities Industry Development Corporation (SIDC), the training and education arm of the Securities Commission Malaysia (SC), is calling for applications from university graduates for the sixth Islamic Capital Market Graduate Training Scheme (ICMGTS) commencing 9 March 2012

09 January 2012
Encik Nik Mohd Hasyudeen Yusoff and Ms Foo Lee Mei have been appointed to the Management Committee of the Securities Commission Malaysia (SC) as Executive Directors effective 1 January 2012. They will continue to remain Executive Chairman, Audit Oversight Board (AOB) and General Counsel of the SC respectively.

29 December 2011
The Securities Industry Development Corporation (SIDC), the training and education arm of the Securities Commission Malaysia, is calling on college and university students to participate in a nationwide Intervarsity Financial Literacy Movie (I-FiLM) Competition, which offers cash prizes of up to RM3,000.

28 December 2011
The Securities Commission Malaysia (SC) warns the public about bogus letters with the SC’s logo being used in an illegal investment scheme.

21 December 2011
On 21 December 2011, the SC had provided a final status update to the Kuala Lumpur High Court on the Swisscash restitution scheme.

05 December 2011
The Securities Commission Malaysia (SC) has finalised the eligibility requirements for private retirement scheme (PRS) providers and eligible firms can now make submissions to be approved as PRS providers.

02 December 2011
Asia-Pacific regulators met in Kuala Lumpur this week and discussed the impact of current international developments in the financial sector on the Asia-Pacific, including the effects of the Euro zone crisis on regional markets. Regulators were aligned on the need to continue to focus on the potential contagion effects and risks that these developments have for the region. Participants also discussed the challenges involved in cross-border enforcement, including the implications of technology-based trading.

25 November 2011
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

15 November 2011
The Securities Commission Malaysia (SC) today published a consultation paper seeking public feedback on independent chairman and poll voting.

08 November 2011
In a landmark decision for securities cases, the Court of Appeal on Friday upheld a six months jail term imposed by the High Court on two former directors of MEMS Technology Berhad (MEMS), for authorizing the furnishing of a misleading statement to Bursa Malaysia in MEMS’s Condensed Consolidated Income Statement for the 12 month period ended 31 July 2007. The two former directors of MEMS, which was delisted in November 2010, were charged in the Sessions Court in Kuala Lumpur in 2009 for the misleading statement which related to the company’s reported revenue of RM73.416 million as it contained over RM30 million of sales that did not take place.

28 October 2011
The Securities Commission Malaysia (SC) today charged Zamani Hamdan, a company director, for trading in futures contracts without a licence.

28 October 2011
The Kuala Lumpur Sessions Court today found two former independent directors of Transmile Group Berhad guilty under section 122B(b)(bb) of the Securities Industry Act 1983, for having authorized the furnishing of a misleading statement to Bursa Malaysia in Transmile’s ‘Quarterly Report on Unaudited Consolidated Results for the Financial Year Ended 31 December 2006′.

27 October 2011
The Securities Commission Malaysia (SC) considered 23 applications for corporate proposals in Q3, of which eight were for equity proposals and 15 were for Private Debt Securities (PDS) proposals.

20 October 2011
The Securities Commission Malaysia (SC) will host the 5th International Islamic Capital Market Forum (IICMF) on 10 November 2011. The 5th IICMF will gather local and international experts to discuss and deliberate on the current state of Islamic finance.

13 October 2011
The Kuala Lumpur Sessions Court today convicted and fined former chief executive officer of Inix Technologies Holdings Berhad (INIX) for authorising the furnishing of false statements in the company’s prospectus and quarterly statements.

11 October 2011
The SC has concluded the review of the circumstances surrounding the acquisition of 30% equity interest in Eastern & Oriental Berhad (E&O) by Sime Darby Berhad (SDB) for any Take-Over Code implication.

10 October 2011
The Court of Appeal, on 6 October 2011, ruled in favour of the Securities Commission Malaysia (SC) on the Audit Oversight Board’s (AOB) registration of PricewaterhouseCoopers (PwC) on 1 April 2010.

07 October 2011
The Kuala Lumpur Sessions Court today convicted and fined three individuals for failure to provide their statement to the Securities Commission Malaysia (SC) as required under the law.

05 October 2011
Major amendments to the Securities Commission Act 1993 (SCA) and the Capital Markets and Services Act 2007 (CMSA) came into force on 3 October 2011 to promote the development of the capital market in line with global standards pursuant to the strategies outlined in the Capital Market Masterplan 2.

29 September 2011
The Kuala Lumpur Sessions Court today convicted and fined former directors and senior executive of Inix Technologies Berhad (INIX) for submitting false statements to Bursa Malaysia Securities Berhad.

22 September 2011
The Kuala Lumpur Sessions Court today found two former directors of Multicode Electronics Industries (M) Berhad, guilty of committing criminal breach of trust under section 409 of the Penal Code involving over RM26 million of funds belonging to the company.

14 September 2011
The Securities Commission Malaysia (SC) has embarked on a partnership with the Ministry of Education (MOE) to build financial literacy amongst school children.

14 September 2011
The Securities Commission Malaysia (SC) today signed a letter of intent with Tsinghua University’s School of Economics and Management (Tsinghua SEM), one of the top business schools in China, to develop an annual five-day Malaysia-China Financial Programme for Senior Executives (MCFP). The MCFP aims to provide participants in-depth knowledge and innovative thinking on China.

12 September 2011
The SC continues to receive queries on the Sime Darby-E&O shares transaction. We would like to reiterate that we are examining the circumstances surrounding the transaction for any Takeover Code implications. We are also reviewing all stock transactions by all parties over the relevant period related to this matter. The outcome of these two reviews will only be known after all the relevant facts have been established.

22 August 2011
The Federal Court today unanimously dismissed Kenneth Vun’s (Kenneth) application for leave to file an appeal against the decisions of the Court of Appeal and High Court ordering him to make restitution of RM2.496 million to FTEC Resources Berhad (FRB). The Orders also restrained Kenneth from directly or indirectly managing the funds of FRB and any of the FTEC group of companies.

09 August 2011
The Securities Commission Malaysia (SC) today released its revised Guidelines on Outsourcing for Capital Market Intermediaries (Guidelines), which replaces the Guidelines on Performance of Supervisory Functions at Group Level for Capital Market Intermediaries and Guiding Principles for Outsourcing of Back Office Functions for Capital Market Intermediaries.

22 July 2011
Malaysia’s capital market saw a vibrant second quarter buoyed by higher interest in all sectors of the market.

14 July 2011
The Securities Commission Malaysia (SC) would like to clarify that while the practice of quarterly reporting will be reviewed in line with various proposals to improve disclosure and transparency under the newly announced Corporate Governance Blueprint 2011, the existing requirements for listed companies to report on quarterly basis still stand.

12 July 2011
The Securities Commission Malaysia (SC) today issued the revised Private Debt Securities (PDS) Guidelines, Sukuk Guidelines and Trust Deed Guidelines to enhance the regulatory framework for fundraising and product regulation in the Private Debt Securities and Sukuk markets.

08 July 2011
The Securities Commission Malaysia’s five-year Corporate Governance Blueprint (Blueprint) was launched today by Dato’ Seri Ahmad Husni Mohamad Hanadzlah, Minister of Finance II, Malaysia.

23 June 2011
The Court of Appeal today upheld the High Court’s decision to convict a former remisier on 30 charges of short-selling of shares

20 June 2011
As Malaysians face reality checks on Health and Safety fronts, the Securities Commission Malaysia (SC) has invested in a timely reminder of the importance of leading a healthier lifestyle for its 700-odd staff.

07 June 2011
The Securities Commission Malaysia (SC) today charged Dato’ Norhamzah bin Nordin, the group managing director of Kosmo Technology Industrial Berhad (Kosmo Tech) for providing false information to Bursa Malaysia Securities Berhad. The charges against Dato’ Norhamzah followed the charging of Mohd Azham and Lim Hai Loon at the Sessions Court on 26th May 2011.

27 May 2011
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

26 May 2011
The Securities Commission Malaysia (SC) today charged a director and an accounts manager of Kosmo Technology Industrial Berhad (Kosmo Tech) for providing false information to Bursa Malaysia Securities Berhad.

23 May 2011
The Securities Commission Malaysia (SC) today released a revised version of the Guidelines on Compliance Function for Fund Management Companies (Guidelines) to enhance client asset protection and further safeguard the interests of investors in a number of areas.

13 May 2011
The High Court yesterday ruled in favour of the Securities Commission Malaysia (SC) on Ramesh Chelliah’s leave application to commence judicial review for registering PricewaterhouseCoopers (PwC) with the Audit Oversight Board (AOB) on 1 April 2010.

05 May 2011
Kuala Lumpur High Court judge, Dato Hj Ghazali Hj Cha, today affirmed the conviction of businessman Phazaluddin Abu, 49, under section 15A of the Securities Industry Act 1983 (SIA) for acting as a fund manager without a licence through the website www.danafutures.com.

05 May 2011
The Court of Appeal has on 29 April 2011 ruled in favour of the Securities Commission Malaysia (SC) and Bursa Malaysia to dismiss with costs Syarikat Kayu Wangi’s appeal against the High Court’s dismissal of its judicial review application on 14 September 2009.

21 April 2011
Sustained interest in the market continued in the first quarter of 2011 with the Securities Commission Malaysia (SC) receiving a total of 35 substantive applications compared with 27 in the previous quarter.

21 April 2011
The Securities Commission Malaysia (SC) today charged Chong Yuk Ming and Balachandran A/L A. Shanmugam for failing to register a prospectus with the SC in relation to the issuance of Redeemable Preference Shares by Bestino Group Berhad (“Bestino”). The offence was committed between 3 November 2008 and 16 June 2009 at Bestino’s office in Ipoh, Perak. Under section 232(1) of the Capital Markets and Services Act 2007 (CMSA), a person shall not issue securities unless a prospectus in relation to that securities has been registered by the SC.

15 April 2011
The Securities Commission Malaysia (SC) urges the public not to part with monies to unlicensed investment agents, even if recommended by family members and friends.

12 April 2011
Growth strategies to expand role of capital market The Securities Commission Malaysia’s Capital Market Masterplan 2 (CMP2) outlines growth strategies that will transform the competitive dynamics of Malaysia’s capital market over the next 10 years. The strategies aim to expand the role of the capital market in financing business ventures, creating jobs, widening ownership of assets and generating returns on long-term savings. The strategies include:

12 April 2011
The SC estimates the size of Malaysia’s capital market (comprising stockmarket capitalisation and debt securities) to more than double from RM2.0 trillion in 2010 to RM4.5 trillion by 2020.

12 April 2011
The achievements of the Malaysian capital market reflect the substantial progress made in the implementation of the Securities Commission Malaysia’s first Capital Market Masterplan (CMP1), which has provided a sound foundation from which to move forward with CMP2. Over its ten-year period, 95% of the 152 recommendations contained in CMP1 have been implemented, building a diversified market with strong intermediaries operating in a well-regulated environment.

04 April 2011
The Securities Commission Malaysia (SC) is investigating the activities of the following individuals for possible breaches of the securities laws in relation to the trading in futures contracts without a licence:

31 March 2011
The auditing framework in Malaysia is comparable to global best practices where all international auditing and ethical standards have been adopted, supported by a strong regulatory framework.

30 March 2011
The Securities Commission Malaysia (SC) today issued Guidelines on the Registration of Credit Rating Agencies (Guidelines) to ensure independent and high quality ratings with appropriate oversight of the credit rating agencies (CRAs), given their key role in capital markets.

25 March 2011
The Securities Commission Malaysia (SC) is pleased to announce the extension of Tan Sri Zarinah Anwar’s tenure as Chairman for one year with effect from 1 April 2011.

17 March 2011
On releasing its Annual Report 2010, Tan Sri Zarinah Anwar, Chairman of the Securities Commission Malaysia (SC) noted that the Malaysian capital market had reached the significant milestone of RM2 trillion as at the end of 2010. She said that the capital market had achieved an annual compounded growth of 11% from RM717 billion in 2000 due to rapid industry expansion and strong regulatory oversight that underpinned investor confidence in the Malaysian capital market.

14 March 2011
The Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) – a recognized independent centre of the University of Oxford, convened a two-day closed-door Roundtable on Islamic Finance at Ditchley Park, Oxfordshire on 12 and 13 March 2011.

23 February 2011
The Court of Appeal today upheld the earlier High Court conviction and sentence against Haron Jambari for deceiving the Federal Territory Islamic Religious Council (Majlis Agama Islam Wilayah Persekutuan – MAIWP) in relation to the purchase of Petronas Dagangan Bhd shares in 1994 (PDB shares transaction).

14 February 2011
The Securities Commission Malaysia (SC) today urged members of the public to be wary of unauthorized and misleading use of the SC logo and name for the endorsement of promotional websites, investment products or programmes.

28 January 2011
On 19 March 2010, the Securities Commission Malaysia (SC) and Bursa Malaysia Securities Berhad (Bursa Malaysia) issued a Joint Consultation Paper on Proposed Amendments to Bursa Malaysia’s Listing Requirements on Privatisation of Listed Companies via Disposal of Assets. The SC also released Consultation Papers on Proposed Updates to Guidelines on Offer Documentation of the Malaysian Code on Take-Overs and Mergers 1998 (Guidelines) and a Review of Sophisticated Investors and Sales Practices for Unlisted Capital Market Products.

25 January 2011
The Malaysian capital market concluded the year on a strong note with 29 new listings on Bursa Malaysia compared with 14 in 2009. The 29 new listings included two Real Estate Investment Trusts. For the year 2010, the Securities Commission Malaysia (SC) approved a total of 26 companies for listing on the Main Market compared with 12 in the previous year. Of those 26 companies, 14 have been listed on Bursa Malaysia.

12 January 2011
The Securities Commission Malaysia (SC) is pleased to announce the appointment of Encik Zainal Izlan Zainal Abidin as Executive Director with effect from 12 January 2011. Encik Zainal Izlan will lead and drive the Commission’s agenda for the Islamic Capital Market and will be responsible for the SC’s operational, strategic and developmental initiatives aimed at strengthening and sustaining Malaysia’s leadership in this area.

12 January 2011
The Kuala Lumpur Sessions Court today sentenced Datuk Phillip Wong Chee Kheong and Francis Bun Lit Chun to 24 months imprisonment and a fine of RM3 million (in default six months imprisonment ) and three months imprisonment and a fine of RM2 million (in default six months imprisonment) respectively for their involvement in the manipulation of Suremax Group Bhd (Suremax) shares.

11 January 2011
The High Court today allowed the Securities Commission Malaysia’s (SC) appeal against the Sessions Court’s sentence on Ooi Boon Leong and Tan Yeow Teck, former directors of MEMS Technology Bhd (MEMS). The High Court upheld the original fine of RM300,000 and enhanced the sentence with a six months imprisonment term each.

10 January 2011
The Securities Commission Malaysia (SC) today secured a deterrent sentence against Raja Noor Asma Raja Harun, the director of FX Capital Consultant and FX Consultant, for operating a ponzi scheme that duped over 4000 investors of more than RM100 million.

04 January 2011
The Securities Industry Dispute Resolution Center (SIDREC) is on track to start operations in early 2011 following the gazette of the Capital Markets and Services (Dispute Resolution) Regulations 2010 which come into effect on 30 Dec 2010. The new body, which has been approved by the Securities Commission Malaysia (SC), is the first dispute resolution body catered exclusively to address small claims in the Malaysian capital market.

17 December 2010
The Malaysian Anti-Corruption Commission (“MACC”) and the Securities Commission (“SC”) have completed their review of the reports submitted by Sime Darby Berhad (“Sime Darby”), namely the Report of the Investigative Reports Review Committee of Sime Darby dated 20th September 2010, and reports prepared by the forensic and legal consultants appointed by the board of Sime Darby. These were in respect of four key projects in Sime Darby’s Energy & Utilities Division, which are the Qatar Petroleum Project, the Maersk Oil Qatar Project, the Bakun Hydroelectric Dam Project and the Marine Project.

03 December 2010
The Securities Commission Malaysia (SC) today entered into a Memorandum of Understanding (MoU) with the Qatar Financial Markets Authority (QFMA)1 which strengthens the relationship between Malaysia and Qatar and fosters closer regulatory ties and cooperation.

30 November 2010
ASEAN Finance Ministers conducted the seventh ASEAN Finance Ministers’ Investor Seminar (AFMIS) under the theme “Discovering Tomorrow’s ASEAN” in Kuala Lumpur today.

26 November 2010
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).

19 November 2010
Encik Nik Mohd Hasyudeen Yusoff, Chairman of the Audit Oversight Board has received the prestigious President’s Award for Excellence – Service and Leadership award from the CPA Australia in conjunction with the World Congress of Accountants held recently in Kuala Lumpur.

18 November 2010
Malaysia will host the 7th ASEAN Finance Ministers’ Investor Seminar (AFMIS) on 30 November 2010.

02 November 2010
The Kuala Lumpur High Court today dismissed Datuk Ishak Ismail’s application to stop the Securities Commission Malaysia (SC) from taking his statement in relation to a pending investigation on Kenmark Industrial Corporation Bhd (Kenmark). Datuk Ishak is among those who were issued a Notice under s.134 of the Securities Commission Act (SCA) in relation to the SC’s investigations on Kenmark. Section 134 empowers the SC to question persons that it has reasonable grounds to believe have relevant information on the matter being investigated.

28 October 2010
The Securities Commission Malaysia (SC) will host the 11th Annual Emerging Markets Programme (EMP) from 30 October to 4 November 2010 in Kuala Lumpur. The annual EMP is a key capacity-building forum among IOSCO members. The programme is aimed at strengthening the skill sets of emerging market regulators and takes a knowledge sharing approach to regulation through dialogue and exchange of practices and ideas.

25 October 2010
The Royal Award for Islamic Finance has been awarded to Shaikh Saleh Abdullah Kamel for his visionary drive, extraordinary leadership and personal commitment in spurring the global accessibility of Islamic finance. The Royal Award was presented by D.Y.M.M. Al-Sultan Almu’tasimu Billahi Muhibbudin Tuanku Alhaj Abdul Halim Mu’adzam Shah Ibni Almarhom Sultan Badlishah, Sultan Negeri Kedah Darul Aman and Deputy Yang DiPertuan Agong, on behalf of His Majesty the Yang di-Pertuan Agong at the Royal Gala Dinner and Award Presentation today.

20 October 2010
Following the announcement by YAB Prime Minister and Minister of Finance in the 2011 Budget, the Securities Commission Malaysia (SC) is pleased to provide further information on the private pension framework to be launched by the end of 2011.

19 October 2010
10 new listing applications for the Main Market were received by the Securities Commission Malaysia (SC) during the 3rd quarter of 2010, which included two new foreign-based IPOs. This was an increase from 8 listing applications received in the previous quarter. Six of the applications received in Q3 were companies with a potential market capitalisation of at least RM500 million each.

11 October 2010
The Kuala Lumpur Sessions Court today convicted Ang Sun Beng, former Managing Director, and Ang Soon An, a former Executive Director & Member of the Audit Committee of Welli Multi Corporation Berhad (WMCB), for furnishing misleading revenue figures which consisted of over RM141 million in fictitious sales in its audited financial statement for the year ended 31 December 2005.

11 October 2010
The Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have joined hands to create an international platform for debate, dialogue and study on contemporary issues and challenges faced in Islamic finance.

07 October 2010
The Securities Commission Malaysia (“SC”) has reviewed the transactions relating to Mudajaya Group Berhad’s (“MGB”) investment in the Independent Power Plant (“IPP”) Project in India, in particular the transfer of funds between related entities. The SC had also on 12 August 2010 sought a S320 report under the Capital Markets & Services Act 2007 from the auditors of MGB, Ernst & Young (“EY”), whose report was dated 9 September 2010.

05 October 2010
Dato Lybrand Ngu Tieng Ung was convicted by the Kuala Lumpur Sessions Court today for two counts of securities fraud.

27 September 2010
The Securities Commission Malaysia (SC) today charged Chong Poh Ying under section 134 (1)(b) of the Securities Commission Act 1993 for failure to provide evidence to the SC as required under the law, on the affairs of INIX Technologies Holdings Berhad (INIX). If convicted she will be liable to a fine of not more than RM1 million and imprisonment for a term not exceeding 5 years.

23 September 2010
The Securities Commission Malaysia (SC) is initiating a special session between Jimmy Wales, the founder of Wikipedia, and Malaysian technopreneurs and students in conjunction with the World Capital Markets Symposium (WCMS 2010) in Kuala Lumpur on 27-28 September 2010.

23 September 2010
The Securities Commission Malaysia (SC) today charged 3 directors and a senior finance executive of INIX Technologies Berhad (INIX) for knowingly authorising the furnishing of false statements to Bursa Malaysia Securities Berhad and providing false information to Bursa Malaysia.

21 September 2010
The Audit Oversight Board (AOB) has been admitted as a member of the International Forum of Independent Audit Regulators (IFIAR) making Malaysia only the second country from ASEAN to be admitted. The membership was obtained on 13 September 2010.

20 September 2010
* 30 nominees * Nominations received from around the world – Middle East, Europe, South East Asia, South Asia, Africa and Australia * Nominations include Muslims and non-Muslim

17 September 2010
The Securities Commission Malaysia (SC), Bank Negara Malaysia and Bursa Malaysia today introduced the Electronic Share Payment facility for share transactions in a further move to promote the use of e-payments in the stock market.

26 August 2010
The Securities Commission Malaysia (SC) today announced the members of a high-level committee which will provide strategic direction, views and advice to the SC in the development of a new five-year corporate governance blueprint outlining an action plan to further raise the standards of corporate governance in Malaysia.

28 July 2010
The Securities Commission Malaysia (SC) has revoked SJ Asset Management Sdn Bhd’s (SJAM) license to undertake fund management activities. The move, which took immediate effect, came after the SC found that SJAM breached regulatory requirements in relation to the safeguarding of clients’ assets and the company had engaged in deceitful and improper business practices.

24 July 2010
Securities Commission Malaysia (SC) today charged Alan Rajendram a/l Jeya Rajendram, a former director of LFE Corporation Berhad (LFE), with securities fraud and 8 other offences he allegedly committed when he was the director of the company.

21 July 2010
The search to honour the exceptional individual for outstanding contribution to global Islamic finance has received royal endorsement.

21 July 2010
RM10.7 bln expected to be raised from the capital market through IPOs, private debt securities and sukuk issuances

09 July 2010
The Kuala Lumpur Sessions Court today sentenced businessman Phazaluddin bin Abu, 49, to four years in jail after he was convicted of operating an online investment scam without holding a fund manager’s licence.

08 July 2010
The Securities Commission Malaysia (SC) today announced the new line-up of its Shariah Advisory Council, the central authority responsible for determining theShariah principles pertaining to the Islamic capital market in Malaysia.

29 June 2010
Over the last two years, the Securities Commission Malaysia (SC) has intensified its regulatory review and scrutiny over asset management companies. Pursuant to this, an on-site examination was conducted on SJ Asset Management Sdn Bhd (SJAM). The examination as well as the findings of BDO Consulting Sdn Bhd (BDO), who was appointed to assist in examining SJAM’s books, accounts and records, had raised certain concerns. As such, the SC has imposed conditions and restrictions on the activities of SJAM.

29 June 2010
The Securities Commission Malaysia (SC) today charged Eswaramoorthy Pillay s/o Amuther (‘Pillay’) for abetting Alan Rajendram a/l Jeya Rajendram (‘Alan’), a former Director of LFE Corporation Berhad (‘LFE’), in committing securities fraud and 4 other Penal Code offences. The charges against Pillay followed last week’s charging of Alan at the Sessions Court

29 June 2010
The Securities Commission Malaysia (SC) will host two major Islamic finance forums in July to discuss challenges and opportunities for further growth in the sector, in particular sukuk.

28 June 2010
On 28 June 2010, the High Court of Kuala Lumpur approved and sanctioned a further eligibility criteria recommended by the Administrator and SC. The High Court approved that the cut-off date for investors residing outside Malaysia of the Swisscash scheme to be varied from 21st June 2007 to 7th July 2007. The eligibility criteria, payment criteria and payment ratio to be used in compensating the investors remains the same. PricewaterhouseCoopers Advisory Services, the administrator appointed by SC for the restitution process, will commence making payouts to eligible investors. Eligible investors will receive payment by cheque which will be send via post.

24 June 2010
Working towards CG excellence among listed companies

23 June 2010
China has recognised Malaysia as an approved investment destination under China’s Qualified Domestic Institutional Investor (QDII) scheme administered by the China Banking Regulatory Commission (CBRC).

16 June 2010
Securities Commission Malaysia (SC) today obtained an ex-parte injunction to refrain Dato’ Ishak Ismail from dealing with RM10.2 million, being proceeds from his disposal of about 58.7 million shares of Kenmark Industrial Co. (M) Berhad.

15 June 2010
The Securities Commission Malaysia (SC) today issued a stern reminder to directors and principal officers of PLCs of the severe consequences of destroying or causing loss of company documents.

14 June 2010
The Securities Commission Malaysia (SC) today charged Alice Poh Gaik Lye, a businesswoman and former business coordinator of Liqua Health Corporation Berhad, for committing a scheme to defraud the company for RM9.75 million.

14 June 2010
The Securities Commission Malaysia (SC) will host the second World Capital Markets Symposium (WCMS) on 27-28 September 2010 in Kuala Lumpur, with the main agenda focusing on leadership and governance in transforming the future landscape of the global capital markets.

08 June 2010
The Securities Commission Malaysia (SC) today charged Goh Bak Ming for abetting Poh Gaik Lye for committing a scheme to defraud Liqua Health Corporation Berhad for RM9.75 million between 23 February and 31 July 2007.

03 June 2010
Spearheaded by the Malaysia International Islamic Financial Centre (MIFC) initiative, Malaysia today launched a global search to recognise and honour the outstanding contribution of an exceptional individual in Islamic finance.

01 June 2010
The Securities Commission Malaysia (SC) has amended the Guidelines on Unit Trust Funds (GUTF) to facilitate a multi-class structure for unit trust funds, giving investors more flexibility as well as helping the growth of cross-border offerings of Malaysian unit trusts.

31 May 2010
The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC). The updated list will take effect on 31 May 2010.

28 May 2010
The Securities Commission Malaysia (SC), together with Bursa Malaysia hosted the Working Group Meeting of the OECD Asian Roundtable on Corporate Governance (ARCG) in Kuala Lumpur on 25-26 May 2010. The ARCG is an initiative of the OECD in partnership with the Government of Japan.

20 May 2010
The Kuala Lumpur Sessions Court today convicted Muhammad Khalid Ismail of criminal breach of trust (CBT) under section 409 of the Penal Code for misappropriating RM45 million of Koperasi Angkatan Tentera Malaysia Berhad’s (KATMB) funds.

28 April 2010
The Kuala Lumpur High Court has ordered the restitution of RM2.2 million to 14 Australian investors who were defrauded in the investment scam by Cambridge Capital Trading, which was purportedly based in the United Kingdom.

27 April 2010
The Securities Commission Malaysia (SC) is investigating the activities of Rantau Simfoni Sdn Bhd and its director Zamani bin Hamdan for possible breaches of securities laws in relation to the trading in futures contracts without a licence.

23 April 2010
The Kuala Lumpur Sessions Court has convicted Ashari Bin Rahmat and Fauzi Bin Ibrahim under Section 417 of the Penal Code for cheating UPA Corporation Berhad.

20 April 2010
The Securities Commission Malaysia (SC) today signed a Memorandum of Understanding (MoU) with the Capital Markets Board of Turkey (CMB), paving the way for closer regulatory collaboration between the two capital market regulators.

19 April 2010
The Securities Commission Malaysia (SC) approved 10 Initial Public Offerings (IPO) in the first quarter of 2010, compared with two approvals in the fourth quarter of 2009 and one IPO approval in the first quarter of 2009.

15 April 2010
The Securities Commission Malaysia (SC) has obtained the High Court’s approval on the eligibility criteria for the restitution of Swisscash investors.

08 April 2010
On 8 April 2010, the High Court of Kuala Lumpur approved and sanctioned the eligibility criteria recommended by the Administrator and SC. The High Court approved the eligibility criteria, payment criteria and payment ratio to be used in compensating the investors. PricewaterhouseCoopers Advisory Services, the administrator appointed by SC for the restitution process, will commence making payouts from 15 April 2010 to the eligible investors. Eligible investors will receive payment by cheque which will be send via post. (No appeals will be entertained)

01 April 2010
The Securities Commission Malaysia (SC) today announced the appointment of Encik Nik Mohd Hasyudeen Yusoff as the Executive Chairman of the Audit Oversight Board (AOB), effective immediately.

02 March 2010
The Kuala Lumpur Sessions Court has convicted Chan Kok Suan, the former Managing Director of Granasia Corporation Berhad (GCB), for submitting false statements to the Securities Commission Malaysia (SC) as part of the application for an Initial Public Offering (IPO). Chan was convicted yesterday under section 32B(4) of the Securities Commission Act (SCA) and imposed with a fine of RM500,000 in default, 10 months imprisonment.

25 February 2010
The Kuala Lumpur Sessions Court today convicted Ooi Boon Leong and Tan Yeow Teck for knowingly authorizing the furnishing of a misleading statement by MEMS Technology Berhad (MEMS), a company listed on the then MESDAQ market, to Bursa Malaysia Securities Berhad (Bursa).

25 February 2010
Securities Commission Malaysia (SC) would like to provide an update on the restitution process for eligible investors in the Swisscash Internet investment scam.

05 February 2010
The Kuala Lumpur Sessions Court today convicted Dato’ Chin Chan Leong and Hiew Yoke Lan for their involvement in the manipulation of Fountain View Development Bhd shares.

25 January 2010
The Securities Commission Malaysia (SC) today announces the appointment of PricewaterhouseCoopers Advisory Services Sdn Bhd as the Administrator to manage the restitution process for eligible investors in the Swisscash Internet investment scam.

25 January 2010
The Securities Commission Malaysia today urged members of the public to be wary of unauthorised parties soliciting for donations in its name or its senior officers’ names.

22 January 2010
The Securities Commission Malaysia (SC) received 14 Initial Public Offering (IPO) applications in the fourth quarter of 2009, up 75% from eight IPO applications in the third quarter, reflecting higher interest in equity fund raising by local and foreign companies.

20 January 2010
The Securities Commission Malaysia (SC) and the Securities and Exchange Board of India (SEBI) today signed a landmark agreement that will further augment the relationship between the two authorities and identify future cross-border opportunities through the capital market.

12 January 2010
The Securities Commission Malaysia (SC) has approved Citigroup’s application to establish a stockbroking company in Malaysia.

08 December 2009
The Securities Commission Malaysia (SC) has approved an application by Goldman Sachs to establish fund management and corporate finance advisory operations in Malaysia.

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