Key Highlights - 1st Quarter 2021 | Securities Commission Malaysia

Key Highlights


ENFORCEMENT ACTIVITIES	2015	2016	2017	2018
Cases referred to Enforcement	22	27	20	16
Investigations initiated (no. of cases)	10	13	8	6
Investigations completed (no. of cases)	13	10	10	12
Persons charged in criminal proceedings	17	17	10	8
Criminal charges laid	220	61	39	14
Persons against whom civil actions initiated	5	2	20	-
Person involved in regulatory settlements	6	2	7	3
Administrative actions	41	37	32	80

Size of capital market and fundraising
Fund management
Strengthened regulatory agility for market integrity
Maintaining market integrity and stability
Conducted close monitoring and issued alerts to remind investors to exercise caution when participating in social media chatrooms promoting specific trades
Extended temporary suspension on Intraday Short Selling (IDSS)and
Intraday Short Selling by Proprietary Day Traders (PDT Short Sale)
Enforcement actions for credible deterrence
Issued cease and desist order to seven unlicensed operators offering investment advice
Charged an individual for unlicensed capital market activities and another for insider trading
Continued push on digital and innovation
One new recognized market operator (RMO) registered
Strengthened fundraising ecosystem to facilitate economic revitalisation
Continued fundraising access
Ensured continued operation of the capital market during the MCO period to support the resilience and recovery of the Malaysian economy
Amended the Guidelines on Recognized Markets (RMO Guidelines) to expand the types of eligible peer-to-peer financing (P2P financing) issuers
Announced an extension to the temporary relief measures for listed issuers allowing more time to prepare their financial statements and put in place regularisation plans amid the COVID-19 pandemic
Granted waiver for companies seeking to list and rebates on annual listing fees for loss-making companies as part of the additional relief measures under the PEMERKASA Strategic Programme
Scaling Environmental, Social and Governance (ESG) culture
Scaling sustainable and responsible investment (SRI)
Expanded the Green SRI Sukuk Grant Scheme to encourage more companies to finance green, social and sustainability projects through the capital market
Launched NaviGate: Capital Market Green Financing Series, a programme to increase connectivity to capital market financing. The first edition of NaviGate involved 100 participants from 40 MSMEs
Expanding ICM prominence in social and impact investing
Two funds with waqf features were launched in Q1 2021, as part of the SC’s initiative to further develop Islamic social finance instruments
Strengthening governance culture
Updated the Guidance on the Conduct of General Meetings to ensure boards address all questions posed by shareholders in a general meeting
Empowering investors with knowledge, access and options
Safeguarding investors’ interest
Monitored compliance by unlisted public companies to the SC’s Prospectus Guidelines and securities laws in public fundraising efforts, particularly if offered to retail investors
Expanding advisory channe
Amended the Licensing Handbook to enable expansion of the scope of permitted activities for financial planners
Greater investor empowerment
Engaged over 2,000 investors via 10 virtual outreach events to increase financial awareness and literacy
InvestSmart® continues to optimise its social media platforms to reach out to a wider audience

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