APEC financial regulators share experience with Malaysia on effective investigation and enforcement in the capital market

A group of financial regulators from Asia-Pacific Economic Cooperation (APEC) countries were in Kuala Lumpur from 6-9 May to share their experience in capital market investigation and enforcement with the Securities Commission (SC), local exchanges and the Attorney-General’s (AG) office.

The programme entitled “National Training Programme on Investigation and Enforcement” was held under the auspices of the APEC Financial Regulators’ Training Initiative and jointly-organised by the SC’s Securities Industry Development Centre (SIDC) and the Asian Development Bank (ADB).

The SC and other participants benefited greatly from discussions on, among others, ethical and professional conduct of financial regulators, planning and managing investigations, issues and challenges in taking civil enforcement actions and investigation on insider trading and market manipulation.

“The programme provided a platform for Malaysia to tap on the experience of APEC financial regulators in effective investigation and enforcement,” said SIDC Manager, Puan Teh Ija Jalil.

“Such information sharing is highly-beneficial for the SC, the exchanges and the AG’s office to enhance our market enforcement functions. Effective market enforcement is indeed challenging and entails a wide range of activities such as investigation and prosecution of market frauds and ensuring ethical and professional conduct of financial regulators, market participants and market institutions,” she said.

Puan Teh Ija said the programme was in line with the SC’s efforts to keep itself and relevant market institutions continuously abreast of the latest developments in managing enforcement constraints and ensure the enforcement regime is benchmarked against international standards.

Speakers at the programme comprised officials from ADB, the Australian Law Reform Commission, the Hong Kong Futures and Exchange Commission, the Ontario Securities Commission, the Securities Commission of the Philippines, the Securities and Exchange Commission of the United States of America and the Financial Supervisory Service of Korea.

13 May 2002