Malaysia

Fintech / Regtech

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Securities / Derivatives

Malaysia Commits to Cutting IPO Approval Time to Three Months

By Editors | 27/02/2024

IPO applications submitted from 1 March 2024 will take just 3 months for approval, down from the current 4-12 months typically required.

Securities / Derivatives

Malaysia SC Extends REITs Annual Report Timeline

By Editors | 27/02/2024

This adjustment aligns the reporting timeline for listed REITs with that of public-listed companies, the SC said.

ESG / Sustainability

Malaysia Consults on Local Implementation of ISSB Standards

By Editors | 18/02/2024

IFRS S1 and IFRS S2 would be mandatory for Main Market issuers, and potentially ACE Market issuers and large non-listed companies.

ESG / Sustainability

Top ASEAN Exchanges to Jointly Develop Sustainability Ecosystem

By Ranamita Chakraborty | 15/02/2024

The exchanges will reconvene in July to finalise the ecosystem’s implementation details, governance framework and operating structure.

Enforcement

SC Malaysia Awarded $515m in Insider Trading Case

By Mark Johnston | 15/02/2024

Malaysia’s High Court ordered a former CEO to pay the Securities Commission three times profits, as well as a civil penalty and legal costs.

Securities / Derivatives

Malaysia: SC Streamlines Authorisation Process for CMIs, RMOs

By Nithya Subramanian | 07/02/2024

The new approach will shorten the time to market for for new capital market intermediaries and recognised market operators to three months from six months previously.

Securities / Derivatives

SC Malaysia Broadens Sophisticated Investor Categories

By Ranamita Chakraborty | 06/02/2024

The SC now considers knowledge, experience, and primary residence value for the sophisticated investor qualification.

AML / KYC

Former Malaysian PM Receives Partial Royal Pardon

By Editors | 04/02/2024

Najib Razak was sentenced to jail and fined in 2020 over 1MDB-related corruption. His jail sentence was cut in half and his fine was reduced.