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

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.

2 March 2026

Revised Guidelines on Exchange-traded Funds

The Guidelines was revised to facilitate the offering of digital currency exchange traded funds (ETF). The key amendments relate to, among others, enhancing the regulatory framework for digital currency ETF.
Additional amendments were made to enhance the clarity of certain requirements in the Guidelines.
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 January 2026

Practice Note 1/2026: Offering of Broking Services for Digital Assets

This Practice Note is issued pursuant to section 377 of the Capital Markets and Service Act 2007. It is applicable to the Capital Market Services Licence (CMSL) holders as set out below:

CMSL holder for dealing in securities; and
CMSL holder for dealing in securities restricted to listed securities.

2 January 2026

SC Fee Structure 2026

The Securities Commission Malaysia (SC) would like to announce that its new fee structure has come into effect, 1 January 2026. This follows the coming into force of the Capital Markets and Services (Fees) Regulations 2025.

Following consultations with the Ministry of Finance and the industry, the SC has agreed to moderate the implementation of the revised fees with a three-year transitional period from 2026 to 2028. This approach is based on prevailing market conditions and will ensure an orderly transition for the industry.

The SC remains committed to safeguarding the long-term sustainability and integrity of Malaysia’s capital market while maintaining a fair and well-regulated environment.

For further details, please refer to the following links: