SC to unveil preliminary study on e-commerce

Kuala Lumpur, 21 August 1997

Securities Commission Chairman Dato' Dr Mohd Munir Abdul Majid will unveil the results of a preliminary study on electronic commerce at a conference to be held here on 2 September.

The Conference on Electronic Commerce and The Capital Market will be organised by the Securities Industry Development Centre (SIDC) of the Securities Commission. It will be held at the Lagoon 2 Ballroom of the Sunway Lagoon Resort Hotel, Kuala Lumpur.

The conference is expected to address issues on the role of technology in disintermediation and globalisation, its impact on overall business strategy and the challenges it poses to the capital market.

Electronic commerce is expected to reshape business processes and the impact on the Malaysian capital market in various ways including the functions carried out by financial institutions and the needs of investors.

The SC study on electronic commerce will highlight the extent of technological development, its application and impact on the market and regulatory framework.

Dato' Munir, who will also be giving the opening remarks at the conference, will present the report in one of the sessions titled "Regulatory and Developmental Challenges - A Study Report by the Securities Commission". The report will give SC's perception as to how electronic commerce could be implemented in the capital market.

Another attraction at the conference is the keynote speaker Mr Don Tapscott, the author of international bestseller, The Digital Economy: Promise and Peril in the Age of Networked Intelligence. Mr Tapscott who has been hailed as a cyber guru by US Vice President Al Gore will give a talk on electronic commerce and the financial services sector.

Other interesting subjects which will be raised at the conference are The Impact of Electronic Commerce on Business Strategy, the Multimedia Supercorridor - An Update and the Regulatory and Developmental Challenges.

The speakers include Jeff Ayton of Security First Technology and Jonathan Gould, Mastercard Asia Pacific. MIMOS chief executive officer Tengku Datuk Dr Mohd Azzman Shariffadeen would chair one of the panel session, whose panelists would include Dr Rozali Mohamed Ali, the Executive Director of Commerce-Asset Holding Berhad.

Stockbrokers, futures brokers, exchanges, clearing houses, fund managers, remisiers and regulators would find this conference most useful.

Those interested in attending the conference should contact Ms Sharizan of SIDC at tel: (03) 250 7598 or fax: (03) 252 3693. Fees are at RM700 per participant.


For more information, please call the Corporate Affairs Unit for Ann Teoh at tel: (03) 250 7513 or Nafizah Omar at tel: (03) 250 7550.
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