REGULATION

To ensure trust and confidence in the capital market, the SC regulates the capital market based on the principles of transparency and proportionality to commensurate with the risks posed.

We actively update and enforce our regulations and securities laws to ensure that the capital market operates in a fair and orderly manner as well as to reduce systemic risks. Here you will find a list of our Acts, guidelines, consultation papers, frequently asked questions on our regulations, technical notes, updates on our enforcement actions as well as licensing information.

acts

TECHNICAL NOTES, PRACTICE NOTES AND CIRCULARS

Enforcement

Latest on Regulation

4 April 2022

Guidance Note on Provision of Investment Advice

This Guidance Note on Provision of Investment Advice seeks to provide clarification as to when the activity of giving investment advice is likely to be considered as a regulated activity, for the purposes of licensing under the Capital Markets and Services Act 2007 (CMSA).

4 April 2022

Guidelines on Market Conduct and Business Practices for Stockbroking Companies and Licensed Representatives

The Guidelines on Market Conduct and Business Practices for Stockbroking Companies and Licensed Representatives is issued by the SC pursuant to section 377
of the CMSA.

31 December 2021

Guidelines on Corporate Governance for Capital Market Intermediaries

The Guidelines on Corporate Governance for Capital Market Intermediaries (Guidelines) is issued by the Securities Commission Malaysia (SC) pursuant to section 377 of the Capital Markets and Services Act 2007 (CMSA).

31 December 2021

Guidelines on Conduct for Capital Market Intermediaries

The Guidelines on Conduct for Capital Market Intermediaries (Guidelines) is issued by the Securities Commission Malaysia (SC) pursuant to section 377 of the Capital Markets and Services Act 2007 (CMSA).

21 December 2021

Guidelines on Compliance Function for Fund Management Companies

The Guidelines on Compliance Function for Fund Management Companies is issued by the SC pursuant to section 377 of the Capital Markets and Services Act 2007 (CMSA). These Guidelines set out requirements to be complied with by any person intending to establish or carry out portfolio fund management activities in
Malaysia.

21 December 2021

Prospectus Guidelines for Collective Investment Schemes

The Prospectus Guidelines for Collective Investment Schemes (Guidelines) is issued by the Securities Commission Malaysia (SC) under section 377 of the Capital Markets and Services Act 2007 (CMSA).

21 December 2021

Guidelines on Unit Trust Funds

These Guidelines are aimed at providing a regulatory environment that would protect the interests of the investing public and facilitate the orderly development of the unit trust industry in Malaysia. In addition, these Guidelines are also drawn up to govern the operation of unit trust funds established in Malaysia.

21 December 2021

Public Response Paper 1/2021 - Proposed Amendments to Guidelines on Unit Trust Funds and Consequential Amendments to Guidelines on Exchange-Traded Funds and Guidelines on Private Retirement Schemes

The Securities Commission Malaysia (SC) is issuing this Public Response Paper in response to the feedback received pursuant to the Public Consultation Paper on the proposed amendments to the Guidelines on Unit Trust Funds and consequential amendments to the Guidelines on Exchange-Traded Funds and Guidelines on Private Retirement Schemes dated 11 November 2020.

20 December 2021

Guidelines for Shariah Advisers

The Guidelines for Shariah Advisers (Guidelines) are issued by the Securities Commission Malaysia (SC) pursuant to section 377 of the Capital Markets and
Services Act 2007 (CMSA).

17 December 2021

Public Consultation Paper 1/2021 - Principles-based Sustainable and Responsible Investment Taxonomy for the Malaysian Capital Market

The Securities Commission Malaysia (SC) invites your written comments on this public consultation paper. Comments are due by 31 March 2022 and will only be received when submitted at this link www.sc.com.my/feedback-sri-taxonomy.

16 December 2021

Equity Guidelines

The Equity Guidelines are issued under section 377 of the Capital Markets and Services Act 2007 (CMSA) and applied by the SC in considering the following proposals under section 212 of the CMSA: (a) Issues and offerings of equity securities; (b) Listings of corporations and quotations of securities on the Main Market; and (c) Proposals which result in a significant change in the business direction or policy of corporations listed on the Main Market

22 November 2021

Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors

These Guidelines set out the requirements for an issue of, offer for subscription or purchase of, or invitation to subscribe for or purchase corporate bonds or sukuk to retail investors.

22 November 2021

Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework

These Guidelines set out the requirements that must be observed for the purposes of exclusively making available unlisted capital market products to the persons described in paragraph 1 of Part 1, Schedule 5 of the CMSA.

22 November 2021

Offer of Shares by Unlisted Public Companies to Sophisticated Investors

These Guidelines are aimed at ensuring that there are controls established to ensure any offering including any marketing or distribution of its shares by a UPC to sophisticated investors are carried out in compliance with regulatory requirements. These Guidelines also imposes notification and reporting obligations on the UPC for such offerings.

22 November 2021

Prospectus Guidelines

These Guidelines set out the additional disclosure requirements to be disclosed in a prospectus pursuant to section 235(1)(f) of the CMSA, and information to be disclosed in an abridged prospectus pursuant to section 237(2) of the CMSA.

22 November 2021

Recognized Markets (ECF, P2P, DAX, PCF and E-SERVICES)

The Guidelines on Recognized Markets (Guidelines) are issued by the Securities Commission Malaysia (SC) pursuant to section 377 of the Capital Markets and Services Act 2007 (CMSA) read together with subdivision 4, division 2 of Part II CMSA

22 November 2021

Sales Practices

These Guidelines are issued pursuant to section 377 of the Capital Markets and Services Act 2007 (CMSA). These Guidelines shall be referred to as the Guidelines on Sales Practices ofUnlisted Capital Market Products.