Malaysia

Fintech / Regtech

Malaysia to Experiment with Tokenised Bonds in Offshore Market

By Manesh Samtani | 31/07/2020

Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.

Securities / Derivatives

Malaysia Issues Director Conduct Guidelines for Listed Issuers

By Editors | 30/07/2020

The guidelines set out the obligations of directors of listed companies and their subsidiaries, and requirements for the establishment of group-wide frameworks.

BNM: Banks Agree on Flexible Approach to Loan Repayments

By Editors | 29/07/2020

As the blanket loan moratorium announced in March is due to end, banks have agreed to provide borrowers various repayment flexibilities depending on their specific circumstances.

AML / KYC

Court Convicts Former Malaysian PM in 1MDB-linked Corruption Trial

By Editors | 28/07/2020

Najib Razak was found guilty of three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power.

AML / KYC

HSBC Launches 24/7 Digital Account Opening in Malaysia

By Editors | 28/07/2020

The new account opening service is aimed at minimising physical contact in compliance with new social distancing norms due to the Covid-19 pandemic.

Securities / Derivatives

Malaysia Proposes to Allow Lower Public Holding of Large Caps Stocks

By Sanday Chongo Kabange | 27/07/2020

Proposed listing rule amendments will allow some large listed issuers to have a public holding spread as low as 15%, compared to the current 25% minimum.

Crypto / Digital Assets

Malaysia SC to Engage with Digital Asset Wallet Providers

By Editors | 24/07/2020

Digital asset wallet providers are asked to contact the SC for an engagement on their business operations and to provide feedback on a regulatory framework for such providers.

AML / KYC

UPDATED – Malaysia, Goldman Agree to Settle 1MDB Charges

By Editors | 24/07/2020

Malaysia will drop all criminal charges against Goldman Sachs in exchange for a $2.5bn cash payment and help recovering an additional $1.4bn from 1MDB-related assets seized globally.

AML / KYC

BNM Issues Draft Rules on Merchant Acquiring Services

By Editors | 22/07/2020

The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.