Malaysia

Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.

The SC said it will launch its five-year Capital Market Masterplan 3 in H2 2021, strengthen its regulatory capabilities, and streamline conduct requirements.

The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.

Non-resident banks can trade ringgit-denominated interest rate swaps without any underlying commitment with any onshore bank or its appointed overseas offices.

The enhancements aim to create an effective hedging instrument against the physical market and provide an alternative instrument for participants.

Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.

The former representative committed the breaches for personal financial gain and attempted to conceal his misconduct from RHB Investment Bank’s management.

The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.

Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.

AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.