Capital Market Participants to Operate in Accordance with SOPs

13 January 2021 | Kuala Lumpur

Capital market entities supervised, licensed or registered by the Securities Commission Malaysia (SC) shall operate in accordance with the applicable standard operating procedures (SOPs) issued by the authorities during the Emergency Ordinance and various forms of Movement Control Order (MCO) period. This follows on from the statement yesterday by the Minister of Finance that the capital market remains open during this period as it supports the resilience and recovery of the Malaysian economy.

As essential service providers under the services sector, capital market participants (CMPs) can continue to undertake and provide capital market activities and services. These entities include the approved exchanges, licensed entities (CMSL holders), registered persons, Audit Oversight Board registered auditors, self-regulatory organisations, recognised market operators (RMOs) and other capital market related entities.

The SC, as the regulatory body overseeing the capital market, is authorised to issue verification letters for CMPs to facilitate the movement of their employees during the MCO period.

Capital market entities are reminded to be vigilant and take all necessary measures to minimise the risk of the spread of COVID-19 at their workplace.

Please refer to the SOP for CMP here. For more information or to apply for the verification letter, CMPs can email their queries or requests to [email protected].

SECURITIES COMMISSION MALAYSIA

SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):

Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group
Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC