The Hong Kong Securities and Futures Commission (SFC) today entered into an agreement with the Securities Commission Malaysia to establish a framework for cooperation on financial technology (Fintech).
The SFC and Securities Commission Malaysia agreed to cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets.
Cooperation between regulatory counterparts in the region enables us to keep pace with rapid innovation in financial services,” said Mr. Ashley Alder, the SFC’s Chief Executive Officer. “We welcome the opportunity to work closely with Securities Commission Malaysia to support Fintech development in both our markets.
The agreement follows the creation of the SFC’s Fintech Contact Point in 2016 and Securities Commission Malaysia’s Fintech initiative in 2015.