The Securities Commission Malaysia (SC) has introduced new guidelines for its regulatory sandbox, outlining eligibility criteria and participation requirements.
The sandbox provides a controlled environment for testing innovative capital market products and services, enhancing policy effectiveness and ensuring regulatory frameworks remain relevant.
Announced during last year’s SCxSC Fintech Summit, the initiative aims to support innovations that are new to Malaysia and do not yet fit within the SC’s existing regulatory frameworks.
Applications will open from 15 April to 31 May 2025, with successful applicants notified within 30 days if they proceed to the evaluation stage.
The evaluation process is expected to take up to two months, depending on the complexity of the applications.
The SC encourages participation from solutions focused on financial inclusiveness, Islamic finance, and retirement planning.
Applicants must demonstrate a clear value proposition, comprehensive testing plans, winding-down measures, sufficient operational resources, necessary infrastructure, governance, and a viable commercialisation strategy.
The regulatory sandbox guidelines and application forms are now available at SC’s website, with pre-consultation sessions offered via affinity@seccom.com.my.
SC Chairman Dato’ Mohammad Faiz Azmi said,
“By empowering industry players to experiment with innovative ideas, the sandbox embodies our vision of building a dynamic, inclusive, and future-ready capital market.
It also fosters collaboration across the ecosystem, ensuring progress aligns with investor protection.”
Featured image credit: Edited from Freepik
