SC launches Capital Market Master Plan website to facilitate public feedback and comment

Kuala Lumpur, 27 October 1999

The Securities Commission (SC) has launched a website to disseminate information and garner public feedback on the Capital Market Master Plan. The Commission is the secretariat to the Capital Market Strategic Committee (CMSC), which has been tasked with overseeing the master plan.

The establishment of the website is in line with the SC's objective to involve industry participation in the formulation of the Capital Market Master Plan.

"Our approach is to have the direct participation of the industry concerned. This is essential if the master plan is to provide a clear strategy, certainty over the direction of policy, the right incentives to the industry for business development, and to ensure consistency of individual projects," said Securities Commission Chairman Encik Ali Abdul Kadir, who is also the CMSC Chairman.

"With the setting up of this website, we hope that the general public will be better informed of the development and work of the CMP, and will find an avenue for their comments and suggestions," he said.

The website is located at http://www.sc.com.my/cmp.html

In calling for submissions from the public, especially the capital market participants, the Capital Market Strategic Committee seeks views on the Capital Market Master Plan, including its objectives and scope, the strategic direction for Malaysian capital market and specific proposals for market development.

All comments are to be submitted, in writing, through the following channels:

E-mail: [email protected]
(also accessible through the website)
Fax: (603) 653 3451
Post:
Capital Market Strategic Committee Secretariat
c/o Securities Commission
3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
Malaysia

Submissions should include the sender's name, address and contact details, including daytime telephone number. Comments will be treated as confidential unless stated otherwise by the sender.

As announced earlier by the government, the Capital Market Master Plan is to be a comprehensive plan for charting the strategic positioning and future direction of the Malaysian capital market for the next ten years.

Its aims include providing a road map to facilitate future business development, addressing capital market weaknesses that were highlighted during the crisis, and assisting in the creation of a resilient and competitive capital market for Malaysia.

SECURITIES COMMISSION MALAYSIA

Issued on behalf of the Securities Commission. Members of the press seeking assistance may contact the Corporate Affairs Department at tel no. 03-6548513 (Ann Teoh) / 03-6548625 (Soh Beng Choo) or fax no.: 03-6515078.

Background information:

The Securities Commission (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Securities Industry Act 1983 and Futures Industry Act 1993.

More information about the SC is available on its homepage at www.sc.com.my