Continued, reliable access to the Malaysian capital market is vital for immediate and long-term market confidence
19 March 2020   |   Kuala Lumpur

Containing Covid-19 is a top priority for the Government, facilitated by a fully-functioning financial system, including the stock market. The regulators, Exchange and market participants can fully function and support the marketplace while abiding by the Movement Control Order.

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa or the Exchange) acknowledge the current market volatility within a challenging and uncertain environment. We will maintain continuous trading and market operation, to facilitate investors to manage their risks and opportunities during this period. It is important for the markets to remain open, as closing the markets would neither mitigate nor address the underlying causes of market volatility. Instead, it will create greater uncertainty and adverse market sentiment by denying investors’ access to their investments.

Malaysia has a resilient domestic market and capital market ecosystem. Our market continues to be supported by deep domestic liquidity amongst our large institutions. During challenging market conditions, investors need certainty and continuity.

The SC and Bursa have business continuity measures in place, including backup sites, recovery facilities and alternative communications channels to operate the market in a pandemic situation. Similarly, all market intermediaries have in place business continuity frameworks to ensure continuity of their business.

Market management measures (e.g. circuit breakers, static and dynamic price limit) are in place and known to participants to manage excessive volatility. Robust clearing funds, margins and deposits are also in place to ensure clearing and settlement risks are managed.

The SC and Bursa will continue to monitor the ongoing developments to pro-actively manage risks in the marketplace and will introduce additional precautionary measures as appropriate.
SECURITIES COMMISSION MALAYSIA 
BURSA MALAYSIA BERHAD
SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):
  1. Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
  2. Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
  3. Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group 
  4. Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC
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about the SC
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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