To promote the development of Malaysia’s capital market in line with global standards, the Securities Commission has amended the Securities Commission Act 1993 and the Capital Markets and Services Act 2007, which came into force in early October.

Date: Nov 7, 2011

Tags: Malaysia, Regulation

To promote the development of Malaysia’s capital market in line with global standards, the Securities Commission has amended the Securities Commission Act 1993 (SCA) and the Capital Markets and Services Act 2007 (CMSA), which came into force in early October.

The amendments include providing a dedicated regulatory framework for private retirement schemes (PRS), removing the requirement for the annual renewal of CMSA licences, and introducing a framework for the reporting of OTC derivative contracts.

The amendments also empower the regulator to share information and cooperate with other local and foreign supervisory authorities who manage systemic risk in the capital market.