Kuala Lumpur, 4 June 2008

SC welcomes ACA denial of false report

The Securities Commission (SC) welcomes the categorical denial and clarification from the Anti Corruption Agency (ACA) following the false report in The Sun on Monday 2 June 2008.

Capital market participants are strongly reminded to deal directly with the SC.

“Unfortunately, there are unscrupulous individuals who claim that, for a fee, they are able to influence the SC’s decision-making. The SC does not condone this kind of behaviour. We urge anyone who has business with the SC to deal directly with us and not through any middlemen,” said the SC Chairman Dato’ Zarinah Anwar.

“We will continue to work together with the ACA to eliminate these abuses in the market place and we welcome the recent charge by the ACA against one such individual,” she added.

The SC practices the highest level of transparency and accountability, with a high degree of openness in our decision making processes. In addition we have in place stringent internal codes of conduct benchmarked against other leading securities regulators.