Key Highlights - 3rd Quarter 2021 | Securities Commission Malaysia

Key Highlights


ENFORCEMENT ACTIVITIES	2015	2016	2017	2018
Cases referred to Enforcement	22	27	20	16
Investigations initiated (no. of cases)	10	13	8	6
Investigations completed (no. of cases)	13	10	10	12
Persons charged in criminal proceedings	17	17	10	8
Criminal charges laid	220	61	39	14
Persons against whom civil actions initiated	5	2	20	-
Person involved in regulatory settlements	6	2	7	3
Administrative actions	41	37	32	80

Size of capital market and fundraising
Fund management
Capital market masterplan 3 aims for a more relevant, efficient and diversified market
Strengthened regulatory agility for market integrity
Maintaining market integrity and stability
Extension of temporary suspension on Intraday Short Selling (IDSS) and
Proprietary Day Traders (PDT) Short Sale (IDSS Activities)
Enhanced controls for fund managers via the review of Guidelines on Compliance Functions for Fund Management Companies relating
to disclosure of interests and best execution rule
Achieved swift and targeted enforcement actions for credible deterrence
Enhanced enforcement actions and reprimands against audit partners/firms for failing to comply with international auditing and ethical standards
Convicted a former group accountant of
Asia Media Group with a sentence of a 1-day
imprisonment and a total fine of RM1.08 million
Took swift enforcement action against Binance, an unregistered digital asset exchange (DAX) in Malaysia
Continued push on digital and innovation
Enhanced investment options through innovative digital solutions
Facilitated Go-Live of recognized market operator (RMO) - DAX
Enhanced technology ecosystem
Facilitated initiative by Federation of Investment Managers Malaysia (FIMM) on digital verification of Consultant registration status
Enhanced fundraising ecosystem to facilitate economic revitalisation
Increased fundraising efficiency
Enabled Bursa Malaysia to become the one-stop centre for all approvals in relation to ACE Market listing effective 1 January 2022
Provided greater regulatory clarity on offer of unlisted shares via the new Guidelines on Offer of Shares by Unlisted Public Companies to Sophisticated Investors
Enabled initial exchange offering (IEO) of digital assets through a RMO, and an IPO via cross-listing of shares of a foreign listed corporation, through the amended Capital Markets and Services Act 2007 (CMSA)
Enhanced intermediation landscape
Approved 2 applications for new Capital Markets Services License (CMSL) and 392 applications for new Capital Market Services
Representative’s Licence (CMSRL)
Enhanced SRI and ESG culture
Improved regulatory clarity through the revised Sustainable and Responsible Investment Funds Guidelines (SRI Funds Guidelines)
Strengthened governance culture
Promoted early understanding of corporate governance principles through the Securities Commission Malaysia (SC)-Monash University Malaysia Collaboration Agreement, with the
inaugural lecture by SC Chairman
Facilitate greater access to Shariah compliant fund raising activities for MSMEs in Halal economy
Greater MSME outreach through the jointly-hosted inaugural forum on Shariah-compliant fundraising for micro, small and medium enterprises (MSMEs) with the Halal Development Corporation Bhd (HDC)
Wider access to market-based ICM financing enabled via the
introduction of Shariah Screening Assessment Toolkit for
Unlisted MSMEs
Empowering investors with knowledge, access and options
Safeguarded investors' interest and widened investor options
Widened the categories of sophisticated investors through amendments to
Schedules 6 and 7 of CMSA
Heightened monitoring of the conduct of
licensed representatives through the issuance
of Guidance Note on Oversight of Licensed Representatives by Stockbroking
Companies
Facilitated the introduction of the
new Ringgit MalaysiaDenominated East
Malaysia Crude Palm Oil Futures (FEPO)
Contract through the amendments to Bursa
Malaysia Derivatives Rules
Heightened investors empowerment
Broadened InvestSmart® investor outreach by optimising the social media
platforms. Pivoted to other digital outreach programmes amid
movement restrictions
Collaborated with partners who have developed online investor education
programmes to ensure reach despite restricted movements

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