The establishment of the YCC is in line with the SC's initiative to centrally manage all Year 2000 (Y2K) issues related to the capital market during the rollover period to the Year 2000. Although the SC does not foresee that Y2K disruptions will occur, the establishment of the YCC is a precautionary measure for effective event management during the rollover period.
The YCC will monitor the Y2K status of the capital market institutions and intermediaries during the rollover period. In this regard, the YCC acts as the central point for the gathering of information to identify potential Y2K threats and provide prompt notification to capital market regulatees, the government and the public.
The YCC will also be the centre for coordination of communications for Y2K issues for the capital market during the rollover period. As such, the YCC will be the receiving point for all capital market-related enquiries on Y2K.
For this purpose, the YCC may be contacted at:
Telephone : 603-654 8901 / 8906 / 8909 or 603-651 5542 / 5018
Facsimile : 603-651 5181 or 603-653 3472
E-mail :
[email protected] or
[email protected]The YCC will be in operation from 30 December 1999 - 4 January 2000. Its operation hours are as follows:
30 December 1999
12:00 noon - 5:00 pm
31 December 1999 - 3 January 2000
24 hours beginning at 8:00 am on 31 December
4 January 2000
8:00 am - 5:00 pm
Before 30 December, enquiries on Y2K may continue to be directed to the SC's Corporate Affairs Department at telephone number 603-654 8513 / 8625 or facsimile number 603-651 5078.
The SC's preparations to face the ramifications of the Y2K issue had begun since 1997. In this regard, measures have already been taken to ensure that the SC, capital market institutions and intermediaries are Y2K-ready.
