MISSION STATEMENT
To promote and maintain fair, efficient, secure
and transparent securities and derivatives
markets and to facilitate the orderly
development of an innovative and competitive
capital market.
SECURITIES
COMMISSION
MALAYSIA
annual report
CONTENTS
Chairman’s Message
vii
PART 1: GROWING OUR MARKET
1
Introduction
Sustainable and Inclusive Capital Raising Environment
Intermediation Efficiency and Product Expansion for Market Vibrancy
Rationalisation of Regulation in the Capital Market
Islamic Capital Market’s Value Proposition
Consultation with Stakeholders
Strategic International Linkages
Promoting the Malaysian Capital Market
3
4
7
12
14
19
20
24
BOX ARTICLE
Box 1: Introducing Equity Crowdfunding
Box 2: Malaysia, A Global Centre for Islamic Wealth Management
Box 3: Market-Based Long-Term Financing Solutions for SMEs and Infrastructure
PART 2: UPHOLDING MARKET INTEGRITY THROUGH
SUPERVISION AND DISCIPLINE
27
Introduction
Supervision of Market Intermediaries
Oversight of Institutions
Surveillance for Fair and Orderly Functioning of Market
Management of Systemic Risks
Raising Standards of Corporate Governance
Self-Discipline in Setting High Standards of Professionalism and Ethics
29
29
34
36
37
39
43
BOX ARTICLE
Box 1: Malaysia’s Joint Mutual Evaluation Exercise by the Financial Action Task Force
and Asia Pacific Group on Money Laundering
Box 2: Systemic Risk Oversight Committee
Box 3: The Malaysian Code for Institutional Investors
Box 4: Malaysia’s Corporate Governance Standards Recognised Globally
CHAIRMAN’S MESSAGE
| iii
SECURITIES
COMMISSION
MALAYSIA
annual report
PART 3: PROTECTING OUR INVESTORS THROUGH
45
ENFORCEMENT AND EDUCATION
Introduction
Market Discipline Through Enforcement
The Next Phase of Investor Education and Empowerment
Reinforcement of Investor Rights
47
47
52
54
BOX...