The Securities Commission Malaysia (SC) has signed the Enhanced Multilateral Memorandum of Understanding (EMMoU) by the International Organization of Securities Commissions (IOSCO), marking a step forward in cross-border cooperation on enforcement matters.

The signing took place during IOSCO’s Annual Meeting held from 12–14 May 2025 in Doha.

Malaysia joins 27 other IOSCO members that have adopted the enhanced agreement, alongside Kenya’s Capital Markets Authority and Spain’s Comisión Nacional del Mercado de Valores.

The EMMoU builds on IOSCO’s original Multilateral MOU, which the SC joined in May 2007.

The new framework offers broader enforcement tools, including powers to access audit papers, compel testimony, freeze assets, and obtain data from internet service providers and telephone records.

“This EMMoU significantly underscores our commitment towards maintaining market integrity and safeguarding investor interests. It also demonstrates our unwavering support on international enforcement cooperation.

This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,”

said Dato’ Mohammad Faiz.

The SC had also signed the IOSCO Asia Pacific Regional Committee’s Supervisory MMoU in 2022, which supports regional collaboration among capital market regulators.

Featured image: (From left) Mark Hilford, Chair, MMOU Screening Group, IOSCO; Andrea Bowe, Chair, MMOU Monitoring Group, IOSCO; Rodrigo Buenaventura, Secretary General, IOSCO; ⁠Dato’ Mohammad Faiz Azmi, Chairman of the Securities Commission Malaysia (SC); Jean-Paul Servais, Chairman, IOSCO Board; ⁠Dr Mohamed Farid Saleh, Chair of the Growth and Emerging Markets Committee, IOSCO; Tajinder Singh, Deputy Secretary General, IOSCO