InvestSmart® Fest (ISF) 2017
Opening Remarks
By
Tan Sri Dato’ Seri Ranjit Ajit Singh
Chairman Securities Commission Malaysia
Kuala Lumpur, 13 October 2017

Yang Berhormat Brigadier Jeneral. Khairy Jamaluddin, Menteri Belia dan Sukan,
Yang Berbahagia Tan Sri Amirsham, Pengerusi Bursa Malaysia Berhad,
Tetamu Kehormat,
Ahli Ahli Media
Tuan-tuan, Puan-puan dan para hadirin sekalian,

1. Selamat pagi dan selamat datang ke majlis pembukaan rasmi InvestSmart® Fest yang ke-empat. Kami amat berbesar hati di atas kesudian Yang Berhormat Khairy Jamaluddin meluangkan masa menghadiri dan seterusnya merasmikan InvestSmart® Fest (ISF) 2017.
2. ISF 2017 bertemakan “Invest for Your Future” adalah selaras dengan pendekatan Suruhanjaya Sekuriti (SC) dalam menyeru masyarakat Malaysia untuk memupuk tabiat melabur dari awal demi masa depan. Tema ini juga mencerminkan inisiatif SC untuk menggalakkan dan memudahcara penggunaan teknologi, terutamanya dalam pembangunan pasaran modal dan bidang pendidikan pelabur.
3. Kehadiran YB pada hari ini sungguh bermakna, kerana YB sendiri telah melancarkan inisiatif InvestSmart julungkalinya pada tahun 2014. SC amat menghargai sokongan YB selama ini terhadap usaha dan inisiatif SC dalam bidang pendidikan pelabur khususnya yang melibatkan golongan belia amat dihargai.
4. Thank you for being with us today YB. The SC is very grateful for your constant support towards – InvestSmart®.
Ladies and gentlemen,
5. InvestSmart® was founded upon the spirit and intent of individual empowerment through knowledge, awareness and guided action.  With the concept of investment representing an important pillar in financial security – what we know about investing and, how we choose to invest remains relevant in preserving and elevating the financial wellbeing of our future.
6. Since the launch of InvestSmart® 3 years ago, SC has engaged more than 1 million Malaysians through its various outreach programs. SC’s investor education efforts remain focused on enhancing financial and investment literacy, facilitating development of financial skills and designing inclusive and effective programs.
7. The success of SC’s investor education initiatives was made possible through various channels including face-to-face engagements at seminars, Annual General Meetings, Urban Transformation Centres and at the Ministry of Finance’s mobile community transformation centre road shows. I would also like to attribute our success to the crucial support and collaboration from our capital market industry players and the media.
8. In order to widen its reach, SC also leverages the use of its digital channels and social media influence such as the InvestSmart® website, Facebook page and mobile app. The use of these social media tools has been well received and has garnered encouraging response from Malaysian youth – a significant demographic which remains a key focus of SC’s investor education priorities.
9. This year, we are pleased to announce that we have over 65 participating organizations and is expecting 20,000 attendees. These organizations include financial market institutions, associations, industry players and relevant government agencies. For the first time in our InvestSmart® Fest, we are introducing a financial service desk called “FinPlan4U”. This is made possible through the collaboration with the Financial Planning Association Malaysia and Malaysia Financial Planning Council. 400 free sessions of financial planning services will be offered to visitors over the next 3 days.
10. As with previous years, InvestSmart® seminars have been a central and popular feature of this event; drawing huge participation from members of the public and InvestSmart® followers. This year, we have assembled a strong line of industry experts to share with you insights on retirement planning, smart investing for women and how digitisation affects investment decisions
Ladies and gentlemen,
11. In the Honourable Prime Minister Datuk Seri Najib Tun Razak’s budget speech in 2016, the Transformasi Nasional (TN50) initiatives were introduced to pave the way for Malaysia to be amongst the top countries in the world in economic development, societal progression and innovation. Undoubtedly critical to the success of this aspiration is the financial wellbeing of Malaysian citizens.
12. In order to achieve financial well-being, Malaysians need to possess the necessary skills and knowledge to effectively manage their financial resources.  This includes the ability to make sound investment decisions, build and manage wealth, and adequately prepare for retirement. As TN50’s 5 key themes are centred on drawing upon the aspirations of our youth for nation building, financial literacy amongst our future leaders cannot be overly emphasized.
13. In this regard, SC’s investor education initiatives for developing financial and investment literacy amongst school children, college and university students is aligned with the government’s vision in developing our next generation of investors.  To quote YB Khairy Jamaluddin “SC is highlighting the need for our future generation to be more investment savvy.”
14. Improving financial and investment literacy involves long term behavioural change – change that is inspired through multifaceted and coordinated initiatives sustained over a period of time.  Therefore, the SC has enhanced its structure by setting up a behavioral analysis unit under our Consumer and Investor Office (CIO) to integrate greater appreciation for investor behavior.
15. Additionally, In order to ensure the cohesive development of Malaysia’s financial and investment literacy programs, SC and Bank Negara Malaysia are co-chairing the Financial Education Network to develop Malaysia’s National Strategy for Financial Literacy.
16. As the National Strategy is geared to address financial and investment literacy needs within all segments of society, key agencies including Permodalan Nasional Berhad, Employees’ Provident Fund, Kementerian Pelajaran Malaysia and Kementerian Pendidikan Tinggi are also involved in the formulation of the strategic priorities and action plans. The National Strategy for Financial Literacy is targeted to be launched in the first quarter of 2018.
17. I would like to also take this opportunity to acknowledge the role played by Bursa Malaysia, capital market intermediaries and academic institutions in collaborating with the SC to promote financial and investment literacy. This year, SC will be recognising 3 organisations that have demonstrated outstanding commitment towards helping cultivate financial responsibility amongst Malaysians.
Ladies and gentlemen,
18. In the span of less than two years, it was reported that more than 500,000 Malaysians fall victim to scams1. In view of this prevalence, it is critical for investors to take the necessary precautionary measures in order to prevent falling victim to these malicious schemes. Therefore, investor education plays a key role in SC’s mandate of ensuring adequate investor protection. Our financial and investment literacy programs are designed to create awareness and empower individuals to make informed investment decisions.
19. In conjunction with the InvestSmart® Fest, SC has taken several initiatives to increase awareness on scams. A video highlighting the common scam tactics was screened at 135 halls in 15 cinemas nationwide (T.I.P.U. Video)2. In August, we launched an Anti-Scam Video Competition where contestants are required to produce and submit their creative entries that best deliver anti-scam messages. Contestants of the 3 winning videos will be receiving their prizes this Sunday. Our extensive anti-scam messaging campaign over the last 6 months will culminate in the “ScamBuster Run” this Sunday.  I am encouraged to note that as of this very moment, we have over 3000 people registered for the “ScamBuster Run”.
Ladies and gentlemen,
20. The InvestSmart event provides a unique opportunity for Malaysians to come together, exchange knowledge and drive conscious appreciation towards the values of investing. The fundamental reality is such that – for many of us, ‘securing our future’ ties closely with a need to mobilize savings for sufficient financial security.  Whether this serves the purpose of ensuring a trouble free retirement, or simply the need to have enough for our children’s education, – the capital market provides avenues to meet the objectives and goals of our future.
21. With that, let me take the opportunity to express my gratitude for the generous support and commitment of our partner, Bursa Malaysia Berhad and sponsors, RHB Investment Bank Berhad, AM Investment Bank Berhad, Federation of Investment Managers Malaysia and Permodalan Nasional Berhad as well as the many capital market industry players for making this event possible.
22. YB Khairy Jamaluddin, once again, I would like to thank you for your continued support towards SC and our InvestSmart.
23. Thank you.

1 Collection from media reports

2 Tidak Akan Rugi, Indah Kabar dari Rupa, Peluang Hanya Sekali, Untung Besar