1. What are public interest entities?
  Public interest entities refer to those entities that are currently specified under Part 1 of Schedule 1 of the SCMA. They include–
  (a) A public listed company or corporation listed on the stock exchange;
  (b) A bank licensed under the Financial Services Act 2013;
  (c) An insurer licensed under the Financial Services Act 2013;
  (d) A takaful operator licensed under the Islamic Financial Services Act 2013;
  (e) An Islamic bank licensed under the Islamic Financial Services Act 2013;
  (f) A financial institution prescribed under section 212 of the Financial Services Act 2013 or section 223 of the Islamic Financial Services Act 2013;
  (g) A development financial institution prescribed under the Development Financial Institutions Act 2002;
  (h) A holder of a Capital Markets and Services Licence for the carrying on of the regulated activities of dealing in securities, dealing in derivatives or fund management;
  (i) An exchange holding company approved under the securities laws;
  (j) An exchange approved under the securities laws;
  (k) A central depository approved under the securities laws;
  (l) A clearing house approved under the securities laws;
  (m) A self-regulatory organisation recognised under the securities laws;
  (n) A private retirement scheme administrator approved under the securities laws;
  (o) A trade repository approved under the securities laws; and
  (p) The Capital Market Compensation Fund Corporation.
  Schedule 1 of the SCMA also provides that the Minister of Finance may prescribe any other person to be a public interest entity.
2. Are private companies (Sdn Bhd), partnerships and sole proprietorships public interest entities?
  No, they are not unless they fall within any of the 16 entities that are specified under Part 1 of Schedule 1 of the SCMA. Hence, for example, if the private company (Sdn Bhd) is a holder of a Capital Markets and Services Licence who carries on the business of fund management, the private company will be regarded as a public interest entity.
3. What are schedule funds?
  Part 2 of Schedule 1 of the SCMA currently specified two (2) types of schedule funds. They are–
  (a) Approved private retirement scheme; and
  (b) Approved unit trust scheme.
  Part 2 of Schedule 1 of the SCMA also provides that SC may specify any other capital market funds as a schedule fund.