Tag: Securities Commission Malaysia

April 13, 2017 BY Valentina Kirilova

Securities Commission Malaysia allows regulated short selling of corporate bonds to boost bond market liquidity

Securities Commission Malaysia (SC) today brought into effect a new guideline to allow the regulated short selling of corporate bonds in the Malaysian capital market. With the new Guidelines on Regulated Short Selling of Corporate Bonds (Guidelines), Principal Dealers are now permitted to conduct regulated short selling of corporate bonds, expanding the range of bonds…

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February 17, 2017 BY Valentina Kirilova

Securities Commission Malaysia revokes licences of four individuals

Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of Yew Hock Ming (Yew), Ling Chen Yew (Ling) and Tiong Siew Ngaik (Tiong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 January 2017. Yew, Ling and Tiong were formerly attached…

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SFC fines
January 19, 2017 BY Valentina Kirilova

Court Of Appeal Malaysia jails former independent directors of Transmile Group Bhd for misleading disclosures

The Securities Commission Malaysia just announced that the Court of Appeal has unanimously dismissed the appeal by the former independent directors of Transmile who were members of its Audit Committee for having knowingly authorised the furnishing of a misleading statement to the stock exchange. Shukri Sheikh Abdul Tawab, 53, and Jimmy Chin Keem Feung, 52,…

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Securities Commission Malaysia: New capital market initiatives
December 14, 2016 BY Valentina Kirilova

Malaysia SC revokes licence of Ravindran Nair / Vasudevan Nair

Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Ravindran Nair a/l Vasudevan Nair for the regulated activity of financial planning under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 November 2016. Ravindran was formerly attached with Blueprint Planning Sdn…

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Securities Commission Malaysia: New capital market initiatives
November 03, 2016 BY Valentina Kirilova

Malaysia to be the first country in the ASEAN region to regulate P2P financing

Securities Commission Malaysia (SC) has  introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and Peoplender. They are expected to be fully operational in 2017. This makes Malaysia the…

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sec fraud
October 26, 2016 BY Valentina Kirilova

Securities Commission Malaysia to restitute victims of illegal futures and equity trading

Securities Commission Malaysia (SC) has initiated a restitution process involving an illegal futures and equity trading scheme and calls upon members of the public to file their notice of claims before 5pm on 25 November 2016. The restitution process was initiated following administrative sanctions imposed against Kahar Mohd Tahir, who was found to have carried out…

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October 19, 2016 BY Valentina Kirilova

Securities Commission Malaysia files civil suit against Dato’ Sreesanthan Eliathamby for insider trading

Securities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against Dato’ Sreesanthan Eliathamby for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide). In the claim filed on 12 October 2016, SC claimed that Dato’ Sreesanthan had breached section 89E(2)(a) of the Securities Industry Act 1983 (SIA), where…

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