Tag: Securities Commission Malaysia

December 21, 2017 BY Valentina Kirilova

SC Malaysia initiates aFINity Innovation Lab for alternative trading system

The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity - alliance of FinTech community). This follows the Budget 2018 announcement on the introduction of ATS in the Malaysian…

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September 14, 2017 BY Valentina Kirilova

SFC and Securities Commission Malaysia sign Fintech cooperation agreement

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…

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ICO fraud
September 07, 2017 BY Valentina Kirilova

Securities Commission Malaysia warns on Initial Coin Offerings

The Securities Commission Malaysia (SC) has made a statement in which cautions investors, as the commission has noted the emergence of digital token based fundraising activities / investment schemes in Malaysia and elsewhere, which may be referred to as “initial coin offerings”, “initial token offerings”, “token pre-sale”, “token crowd-sale” (collectively referred to as ICO schemes…

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Malaysian SC announces relief measures for capital market licensed entities
July 14, 2017 BY Valentina Kirilova

Malaysia pushes the sustainable and responsible investing (SRI) development

Malaysia, widely acknowledged as being in the forefront of Islamic finance, announced that is taking the lead in promoting the sustainable and responsible investing (SRI) proposition based on its shared values with Islamic finance. As part of initiatives to generate greater awareness on responsible investing, Securities Commission Malaysia (SC) and Bursa Malaysia co-hosted the Responsible…

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May 29, 2017 BY Valentina Kirilova

Securities Commission Malaysia charges former substantial shareholder of Maxbiz for insider trading

Securities Commission Malaysia (SC) today announced that has charged a former substantial shareholder of Maxbiz Corporation Bhd, Datuk Andrew Leong Wye Keong, with four counts of insider trading. Andrew Leong was charged under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA) for disposing 2,131,400 units of Maxbiz shares in his son’s account…

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DFSA
May 22, 2017 BY Valentina Kirilova

Securities Commission Malaysia charges former Managing Director of Maxbiz for insider trading

Securities Commission Malaysia (SC) today charged Dato’ Vincent Leong Jee Wai for insider trading of shares of Maxbiz Corporation Berhad (Maxbiz). Dato’ Vincent Leong, 58, was charged at the Kuala Lumpur Sessions Court this morning with two counts of communicating material non-public information between November 2010 and January 2011 to one Leong Wye Keong when…

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