Malaysian Securities Commission

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Malaysian Securities Commission
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Founded 1993
Headquarters Kuala Lumpur, Malaysia
Key People Datuk Ranjit Ajit Singh, Chairperson
Website www.sc.com.my

The Malaysian Securities Commission (SC), [1] a statutory body with investigative and enforcement powers reports to the Minister of Finance. In addition to discharging its regulatory functions, the SC is obliged to encourage and promote the development of the securities and futures markets in Malaysia. It is responsible for protecting the interests of customers.

History[edit]

The Commission was established on March 1, 1993 under the Securities Commission Act of 1993.

Products and Services[edit]

The Commission's regulatory functions include:

  • Supervising exchanges, clearing houses and central depositories
  • Registering authority for prospectuses of corporations other than unlisted recreational clubs
  • Approving authority for corporate bond issues
  • Regulating all matters relating to securities and futures contracts
  • Regulating the take-overs and mergers of companies
  • Regulating all matters relating to unit trust schemes
  • Licensing and supervising all licensed persons
  • Encouraging self-regulation
  • Ensuring proper conduct of market institutions and licensed persons

References[edit]

  1. About Us. Securities Commission Malaysia.