REGULATION

To ensure trust and confidence in the capital market, the SC regulates the capital market based on the principles of transparency and proportionality to commensurate with the risks posed.

We actively update and enforce our regulations and securities laws to ensure that the capital market operates in a fair and orderly manner as well as to reduce systemic risks. Here you will find a list of our Acts, guidelines, consultation papers, frequently asked questions on our regulations, technical notes, updates on our enforcement actions as well as licensing information.

acts

TECHNICAL NOTES AND CIRCULARS

Enforcement

Practice Notes

Latest on Regulation

15 June 2026

Payment of Variable Annual Fees under the Capital Markets and Services (Fees) Regulations 2025

Further to the Securities Commission Malaysia's (SC) announcement dated 5 May 2026 regarding the implementation of the Annual Fee – Variable framework, the SC wishes to inform all Capital Market Institutions and Participants of the updated Frequently Asked Questions (FAQs) relating to the payment of variable annual fees under the Capital Markets and Services (Fees) Regulations 2025

The FAQs have been updated to provide clarification on payment process and the documents required to be submitted. In particular, clarity has been provided for payment process and documents that are required to be submitted for payment of annual fee – variable annual fee.

In this regard, the relevant Capital Market Institutions and Participants may refer specifically to Questions 8 and 9 of the FAQs.

The updated FAQs can be accessed at Frequently Asked Questions on the Capital Markets and Services (Fees) Regulations 2025.

Should you require any clarification, please contact the SC via the Fee Review support channel at [email protected].

The SC appreciates your continued cooperation and support.

Thank you.

28 May 2026

Equity Guidelines

The Guidelines was revised to incorporate proposals adopted following the Securities Commission Malaysia (SC)’s Public Consultation Paper No. 4/2025 issued on 12 November 2025 and the SC’s Public Response Paper No. 1/2026 issued on 28 May 2026.

22 May 2026

Practice Note No.2/2026: Application of Paragraph 1 of Schedule 3 of Capital Markets and Services Act 2007 in Relation to Trust Companies

This Practice Note is issued pursuant to section 377 and paragraph 1 of Schedule 3 of the Capital Markets and Services Act 2007 (CMSA 2007).

20 May 2026

Guidelines on Recognized Markets

The Guidelines were revised in Chapter 15 to further enhance and facilitate the sustainable growth of Digital Assets in Malaysia by strengthening the regulatory framework for DAXs through—
1. the introduction of the Liberalised Listing Framework;
2. strengthening the requirements relating to financials, shareholding and management proficiency of DAX operators; and
3. strengthening the requirements relating to the safeguarding of investors’ assets.
Housekeeping and editorial amendments throughout the Guidelines were made to provide greater clarity and consistency. These include stylistic or formatting changes and necessary changes of an editorial nature such as renumbering of certain requirements.

30 March 2026

Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework

The Guidelines were revised to facilitate the issuance of private debt notes and Islamic private debt notes by private companies to specific persons.
Additional amendments were made to enhance certain requirements in respect of control and risk management policies and procedures.
Housekeeping and editorial amendments were made throughout the Guidelines to provide greater clarity and consistency. These amendments include formatting and editorial changes such as renumbering and rephrasing of certain requirements and contents, standardisation of terminology, updating of information, and grammatical corrections.

30 March 2026

Guidelines on Compliance Function for Fund Management Companies

The Guidelines were revised to facilitate the investment into private debt notes and Islamic private debt notes by licensed fund management companies.
Additional amendments were made to enhance clarity of certain requirements in respect of control and risk management policies and procedures.
Housekeeping and editorial amendments were made throughout the Guidelines to provide greater clarity and consistency. These amendments include formatting and editorial changes such as renumbering and rephrasing of certain requirements and contents, standardisation of terminology, updating of information, and grammatical corrections.

30 March 2026

Guidelines on Islamic Capital Market Products and Services

The Guidelines was revised to update certain requirements as well as to provide clarity on the process and application of certain requirements
under the Guidelines, including the following:

Enhancement to the roles, responsibilities and continuous obligations of the Registered Shariah Adviser (RSA);
Clarification on the non-applicability of certain requirements for Islamic Capital Market (ICM) product and service offered by Recognized Market Operator (RMO);
Introduction of new requirements in relation to the offering of ICM product and service on Digital Asset Exchange (DAX) operator; and
Change in the date of annual declaration submissions by RSAs.

27 March 2026

Guidelines on Listed Real Estate Investment Trusts

The Guidelines was revised to introduce a new guidance to paragraph 8.09(a) of the Guidelines.

2 March 2026

Technical Note No. 1/2026 - Clarification on the Application of Netting Provisions in the Capital Markets and Services Act 2007

This Technical Note clarifies the following:

Subsection 57B(1) under Subdivision 7, Division 2 of Part II of the Capital Markets and Services Act 2007 (CMSA) sets out that the rights of the parties under the netting provision of a qualified capital market agreement are preserved in the event that there is a commencement of any other proceeding which has the effect of assuming control or managing the business, affairs and properties of a party.

2 March 2026

Guidelines on Continuing Obligations for Registered Auditors

The Guidelines was revised to –

increase the number of Audit Oversight Board (AOB) registered audit firms obliged to prepare annual transparency reports;
broaden the scope of mandatory disclosures in the annual transparency reports; and
introduce a set of core principles to promote independent oversight for Major Audit Firms.