DISCC will deliberate over domestic and external issues affecting the Malaysian derivatives industry and recommend reforms of a structural nature that are appropriate to promote, or remove undue impediments to the developments of the derivatives industry in the context of the industry's role in supporting long term economic growth in Malaysia. It also recognised that the very nature of derivatives markets lends itself easily to cross-border competition aided by fast-paced advancements in telecommunications technology. Thus, the threat of SIMEX, for instance, is not viewed in isolation by the industry. Rather it is seen as an exemplification of the threat that Malaysia's derivatives markets face today of being marginalised unless aspects of the market structure which detract from our competitiveness are addressed.

It is envisaged that the committee will have a permanent secretariat and membership will comprise the executive chairmen of the Malaysian Monetary Exchange (MME)/ Kuala Lumpur Commodity Exchange (KLCE), Kuala Lumpur Options and Financial Futures (KLOFFE) and the Kuala Lumpur Stock Exchange (KLSE) and the Chief Executive Officer of the Malaysian Derivatives Clearing House (MDCH), individuals representing participants as well as relevant regulatory organisations.