Kuala Lumpur, 3 December 2009

SC to chair regional meeting to discuss cross-border securities offences

The Securities Commission Malaysia (SC) will host the International Organisation of Securities Commission’s (IOSCO) Asia-Pacific Regional Committee (APRC) Enforcement Directors’ meeting on 4 December 2009.

The meeting is aimed at sharing regulatory experiences and enforcement practices on a broad range of topics such as market manipulation and insider trading, investigating cross-border transactions associated with financial statement fraud and enforcement issues arising from foreign listings. It will also serve as a platform to enhance cooperation among securities regulators in the region to enable more effective detection and enforcement of securities offences across borders.  

The meeting, which will be chaired by SC Managing Director, Dato Dr Nik Ramlah Mahmood, will be attended by senior regulators from 11 jurisdictions within the Asia-Pacific region namely Australia, Chinese Taipei, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka and Thailand.

IOSCO is recognised as the leading international policy forum for securities regulators. The organisation’s membership regulates more than 95% of the world’s securities markets in over 100 jurisdictions. As the leading international policy forum for securities regulators, IOSCO plays a key role in setting the international standards for securities regulation, identifying issues affecting global markets, and making recommendations in meeting those challenges.