Tag "Securities Commission Malaysia (SC)"
BNM, SC Sets up New Council to Position Malaysia as a Global Islamic Financial Center
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) announced the establishment of the Malaysia International Islamic Financial Centre (MIFC) Leadership Council. The council serves as a platform to provide industry stewardship in enhancing Malaysia’s proposition as a global
Read More
Ethis’ Co-founder Umar Munshi Receives Emerging Leader Prize
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) awarded Umar Abdullah Mahmud Munshi, the Co-founder and Group Managing Director of Ethis Group with the Emerging Leader Prize in conjunction with The Royal Award for Islamic Finance 2022. The
Read More
SC Invites Feedback on Tech Risk Management Framework for Capital Markets
The Securities Commission Malaysia (SC) has published a consultation paper and is seeking the public’s feedback on a proposed regulatory framework relating to the management of technology risks by capital market entities. The proposed regulatory framework for technology risk management
Read More
Securities Commission Cautions the Public on Rising Investment Scams on Telegram
The Securities Commission Malaysia (SC) has cautioned the public on the sharp increase of investment scams promoted on messaging application Telegram. Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted
Read More
Securities Commission, UNCDF Rolls Out Islamic Fintech Accelerator Programme
The Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health programme, today launched an accelerator to develop the Islamic fintech innovation ecosystem in Malaysia’s Islamic capital market (ICM). The programme, known
Read More
Malaysia Co-Invested RM 165 Million on ECF and P2P Financing Notes through MyCIF
The Malaysia Co-Investment Fund (MyCIF) has co-invested RM165 million in 5,349 Equity Crowdfunding (ECF) and Peer-to-Peer Financing (P2P) campaigns, benefitting 1,197 Malaysian micro, small and medium enterprises (MSMEs) by the end of 2020. Since its October 2019 inception, these co-investments
Read More
Securities Commission Seeks to Block Access to Remitano for Illegally Offering Crypto Services
The Securities Commission Malaysia today issued a statement today saying that they have reprimanded Remitano for operating a digital asset exchange in Malaysia without authorisation from the SC. The SC said that it views this transgression as serious and is
Read More
Securities Commission Malaysia’s IEO Guidelines Comes into Force Today
The Securities Commission Malaysia (SC) has revised its Guidelines on Digital Assets (Guidelines), which came into force today to regulate Initial Exchange Offerings (IEO) and Digital Asset Custodians (DAC). SC said that the Guidelines will facilitate the SC’s objectives in
Read More
SC to Seek Feedback on Regulatory Framework for Digital Asset Wallet Providers
The Securities Commission Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering(IEO). Digital asset wallet providers are entities that
Read More
LaVida Coin Ordered to Cease Activities by Securities Commission
The Securities Commission Malaysia (SC) has issued a notice for Dato’ Vida’s LaVida Coin to cease all promotional activities with immediate effect. This news follows the regulator’s previous announcement that it was reviewing LaVida Coin for possible breach of securities
Read More