Securities Commission Malaysia

The Securities Commission Malaysia (Malay: Suruhanjaya Sekuriti Malaysia) is a Malaysian statutory body with responsibility for the development and regulation of capital markets in the country. It is located in Bukit Kiara, near the National Science Centre of Kuala Lumpur.

Securities Commission Malaysia
(SC)
Suruhanjaya Sekuriti Malaysia
Agency overview
Formed1 March 1993 (1993-03-01)
JurisdictionMalaysia
HeadquartersKuala Lumpur, Malaysia
Agency executives
  • Dato’ Seri Dr. Awang Adek Haji Hussin, Chairman (since 1 June 2022)
  • Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive
Websitewww.sc.com.my

History

On March 1 1993, the Securities Commission Malaysia was established as a self-funded statutory body. The body functions to serve as the authority in developing and maintenance of a secure, efficient and orderly operations of the capital markets in Malaysia. It is a regulator and enforces its regulations to ensure the growth of capital market activities and market institutions within the financial sector.[1][2]

Joint initiatives

In 2009 the commission and the Central Bank of Malaysia established the Asian Institute of Finance.[3][4] They also established the Finance Accreditation Agency in 2013.[5]

With Bursa Malaysia, they introduced Electronic Share Payment for e-payment of stock market transactions, and e-Dividend; both were announced in the 2010 budget.[5]

See also
  • Asset management in Malaysia
  • BIX Malaysia
  • Securities Commission
  • List of financial regulatory authorities by jurisdiction

References
  1. "About the SC - ABOUT | Securities Commission Malaysia". www.sc.com.my. Retrieved 2022-05-19.
  2. "Securities Commission: Malaysia". Thomson Reuters. Retrieved 2022-05-19.
  3. "Asian Institute Of Finance". www.aif.org.my.
  4. "Establishment of Asian Institute of Finance to Enhance Financial Sector Human Capital Development". www.bnm.gov.my.
  5. "- Bank Negara Malaysia - Central Bank of Malaysia". www.bnm.gov.my.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.