Malaysia

    AML / KYC

    Regulatory Pressure on Binance Builds With Malaysia Ban

    By Manesh Samtani | 01/08/2021

    Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

    Capital / Liquidity

    Malaysia Establishes Policy on Recovery and Resolution Planning

    By Editors | 31/07/2021

    Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.

    Securities / Derivatives

    Bursa Malaysia Proposes Rule Changes to Enhance Board Quality

    By Editors | 22/07/2021

    Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.

    Securities / Derivatives

    Bursa Allows Investors to Subscribe for Rights Issues Electronically

    By Editors | 16/07/2021

    A new eRights service has been introduced on the Bursa Anywhere mobile app, allowing investors to apply and make payment for rights issues electronically.

    AML / KYC

    Malaysia Files Suit Against KPMG Partners Over 1MDB Losses

    By Editors | 13/07/2021

    The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm’s audits of 1MDB’s financial statements.

    AML / KYC

    BNM Allows MSBs to Onboard Corporate Customers Remotely

    By Sanday Chongo Kabange | 12/07/2021

    A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.

    Malaysia Provides Six Month Automatic Moratorium to Borrowers

    By Sanday Chongo Kabange | 11/07/2021

    This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.

    Fintech / Regtech

    Known Applicants for Malaysia Digital Bank Licences

    By Ranamita Chakraborty | 11/07/2021

    The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.

    Securities / Derivatives

    SC Malaysia Warns Unlisted Public Companies on Share Offerings

    By Editors | 06/07/2021

    When offering shares, unlisted public companies need to ensure that the prospective investor they approach is a sophisticated investor.

    Securities / Derivatives

    Malaysia to Launch Night Trading in Derivatives by Q4

    By Editors | 02/07/2021

    Night Trading will enhance price discovery, align Malaysia’s derivatives market with global practices, and attract foreign traders.

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