Regulatory Flexibilities to Capital Markets Services Licence Holders and Registered Persons

17 February 2021

To Capital Markets Services Licence (“CMSL”) Holders and Registered Persons -

In conjunction with the additional temporary relief measures for listed issuers announced today, the Securities Commission Malaysia (“SC”) is granting further extensions or flexibilities to allow capital market intermediaries more time to make certain regulatory filings and put in place regularisation plans amid the Covid-19 pandemic. The regulatory extensions or flexibilities are listed below:
No. Subject Matter Extension or Flexibility Granted in February 2021

A. Report Submission

1.

Lodgement of auditor’s report within 3 months after the close of each financial year (“FYE”)

(for CMSL holders)

  • 30 April 2021 (for FYE 31 December 2020)
  • 31 May 2021 (for FYE 31 January 2021)
  • 30 June 2021 (for FYE 28 February 2021)
2.

Submission of audited financial statements within 3 months after FYE

(for registered corporations1)

  • 30 April 2021 (for FYE 31 December 2020)
  • 31 May 2021 (for FYE 31 January 2021)
  • 30 June 2021 (for FYE 28 February 2021)
3.

Submission of interim report and annual report to unitholders, the SC and private pension administrator (for private retirement scheme (“PRS”)) within 2 months after the end of each financial period or FYE

Unit trust fund
PRS

(prepared by management companies and PRS providers2)

  • 31 March 2021 (for financial period ended or FYE
    31 December 2020)
  • 30 April 2021 (for financial period ended or FYE
    31 January 2021)
  • 31 May 2021 (for financial period ended or FYE
    28 February 2021)
Note: Management companies and PRS providers are encouraged to issue the report earlier where possible.
4.

Submission of quarterly report and annual report to unitholders and the SC (where applicable) within 2 months after the end of period of the report

Wholesale fund

(prepared by management companies or representatives3)

  • 31 March 2021 (for financial period ended or FYE
    31 December 2020)
  • 30 April 2021 (for financial period ended or FYE
    31 January 2021)
  • 31 May 2021 (for financial period ended or FYE
    28 February 2021)
Note: Management companies and representatives are encouraged to issue the report earlier where possible.
5.

Submission of annual report to unitholders and the SC within 2 months after FYE

Unlisted REIT
Listed REIT
Exchange-traded funds

(prepared by management companies)

31 March 2021 (for FYE 31 December 2020)

Note: Management companies are encouraged to issue the report earlier where possible.

B. Training Requirement
1.

Requirement of expenditure of at least 3% per annum of a management company’s or PRS provider’s gross salary expense on training its officers

(for management companies and PRS providers)

Exempted for the year 2021.

Notes: 
1
Corporations registered under the Guidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations, the Guidelines on the Registration and Conduct of Capital Market Services Providers or the Guidelines on the Registration of Bond Pricing Agencies, and Cagamas Berhad.
2
Private retirement scheme provider as defined in section 139A of the Capital Markets and Services Act 2007.
3
Person appointed by foreign operator relating to foreign funds.
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