Inovatif

Tag: SC

  • SC collaborates with Durham University

    SC collaborates with Durham University

    The Securities Commission Malaysia (SC) has launched the Young Regulators Development Programme (YRDP), in collaboration with Durham University, United Kingdom. The two-week, intensive capacity building programme aims to cultivate a pipeline of skilled talent to support the growth and stability of regional capital markets.

    To be held annually from 2025 to 2027 in Kuala Lumpur, this programme targets early-career capital market regulators with three-to-five years of work experience from ASEAN and IOSCO member regulators.

    The YRDP serves to enhance young professionals’ competencies and aptitude by providing a strong foundation in capital market regulation and supervision while keeping them updated on emerging trends and best practices.

    Speaking at the signing ceremony between the SC and Durham University in Durham, United Kingdom, SC Chairman Dato’ Mohammad Faiz Azmi said that the initiative underscores the SC’s commitment to nurturing talent and strengthening regional regulatory capacity.

    “Investing in young regulators is essential to navigating the complexities of today’s dynamic capital markets. It also aligns with the region’s ambitions to build a resilient, well governed and internationally competitive capital market.”

    “The YRDP will also foster meaningful connections among fellow regulators, paving the way for closer international collaborations in years to come,” he said.

    Durham University, ranked third in the UK and globally recognised for its excellence in law, finance and economics, brings academic rigour and international expertise to the programme.

    The course will be led by Dr. Federico Lupo-Pasini, Professor of Financial Law and Director of the MSc Law and Finance, who played a key role in developing the programme, and features guest lecturers and leading industry practitioners.

    Professor Volker Roeben, Dean of Durham Law School said, “Durham University offers education that transforms our students, and enables them to transform the world. We look forward to bringing our world-leading academic excellence to this important new programme.

    “In addition, we offer an ASEAN Financial Regulators Scholarship, providing financial support for ASEAN regulators pursuing an MSc in Law and Finance at Durham,” he said.

    “This empowers young regulators to broaden their knowledge, develop critical analytical and leadership skills, and enhance their career prospects in the evolving financial sector,” he added.

    The programme will be structured over two weeks, covering the following core areas:

    • Week 1 – Core foundations in capital market development, regulation, and supervision.
    • Week 2 – Advanced and cutting-edge themes & trends including digital assets, fintech, cybersecurity, sustainability and ESG, and Islamic finance.

    The inaugural cohort will commence in August, with Malaysia as the regional host. This location ensures greater accessibility, cost efficiency, and encourages participation from across Asia Pacific, the Middle East and other jurisdictions.

    For more information on the Young Regulators Development Programme, please contact L&D@seccom.com.my.

  • SC unveils initiatives to drive adoption of Masaqid al-Shariah Guidance in ICM

    SC unveils initiatives to drive adoption of Masaqid al-Shariah Guidance in ICM

    The Securities Commission Malaysia (SC) today launched the 40 Hadiths book series on sustainability and ethical sales transactions to promote a deeper understanding of the Islamic perspective on sustainability and Islamic ethics in commercial transactions.

    The publications, launched during the 3rd SC Nadwah of Shariah Advisers in Islamic capital market (ICM) (SC Nadwah), aim to enhance industry awareness and practical implementation. They mark a significant milestone in raising industry awareness on embedding the principles of Maqasid al-Shariah Guidance (Guidance) in ICM, specifically in areas such as environmental stewardship, responsible business, and trade practices.

    The SC Chairman Dato’ Mohammad Faiz Azmi said internalising the Guidance encapsulated in these hadiths contributes to the development of a just, inclusive and sustainable economy.

    “More importantly, the SC is committed to making Maqasid al-Shariah a fundamental framework for business dealings in ICM,” he said. “The outcomes that we are witnessing today is one of the approaches towards ensuring Islamic financial products and services are designed and implemented in a way that promotes the welfare of society and the environment,’’ he added.

    The SC also announced the establishment of the Maqasid al-Shariah Task Force for ICM (MaTF), that will drive and streamline adoption of the Guidance across the Malaysian ICM. This includes identifying areas for strategic collaboration and innovation between regulatory bodies and industry players.

    Members of the task force include Bursa Malaysia Berhad, the Malaysian Association of Asset Managers (MAAM), the Federation of Investment Managers Malaysia (FIMM), Malaysian Investment Banking Association (MIBA), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), the Islamic Banking and Finance Institute Malaysia (IBFIM), and the International Council of Islamic Finance Educators (ICIFE).

    Established in 2023, the SC Nadwah serves as a convening platform for intellectual discourse on applied Shariah knowledge sharing and charting the next wave of innovative Shariah solutions among Shariah advisers and market practitioners.

    This year’s SC Nadwah brought together over 200 stakeholders from the Shariah advisory ecosystem, including policy makers, government agencies, academia, Shariah advisers, State Islamic Religious Councils, State Mufti Departments and Islamic finance practitioners.

    Speakers were renowned industry leaders in the Islamic finance space. They include esteemed Shariah scholar Sheikh Dr. Nizam Yaquby and Chairman of SC’s Shariah Advisory Council Professor Dato’ Dr. Aznan Hasan. Sheikh Dr. Nizam Yaquby, who serves on more than 30 Shariah boards globally, including the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and Islamic Development Bank (IDB), commended the SC’s efforts in organising the SC Nadwah.

    He said the SC should continue with this initiative, which he says is an invaluable platform for fostering strategic dialogue and knowledge-sharing in advancing Islamic finance and in facilitating the growth and readiness of the industry to navigate future challenges.

    The 40 Hadiths book series are now available for download at https://www.sc.com.my/resources/publications-and-research.

  • SC alerts public on impersonation scam involving fake guarantee deposits

    The Securities Commission Malaysia (SC) cautions the public on an impersonation scam demanding payment under the guise of the SC.

    The scam involves the perpetrators falsely claiming that individuals are “under investigation” by the SC for market offences such as insider trading and market manipulation.

    Victims will then be pressured to pay a “guarantee deposit” — purportedly up to RM500,000 — to avoid alleged legal action, including arrest or prosecution.

    The modus operandi of this scam has the characteristics of a Macau Scam, where the SC’s name has been misused to deceive victims into making payments.

    As a regulatory body, the SC does not endorse any investment schemes, solicit monies from the public or demand deposits in any form for regulatory investigations.

    The SC would like to urge the public to be cautious and verify any investment offers through the SC’s Investment Checker at www.sc.com.my/investment-checker. If you receive any requests for payment claiming to be from the SC or its staff, please contact the SC’s Consumer and Investor Office at aduan@seccom.com.my or call 03 – 6204 8999 to verify or to report it.

  • SC issues revised guidelines on advertising for capital market products and related services

    The Securities Commission Malaysia (SC) today released a revised version of the Guidelines on Advertising for Capital Market Products and Related Services.

    The Guidelines was revised to update certain requirements and guidance taking into account advertising and promotional trends globally and domestically, including the growing prominence of social media and financial influencers (finfluencers).

    This is towards ensuring responsible advertising activities in relation to capital market products and services.
    The revised framework will include:

    • New requirements relating to finfluencers who are not engaged as marketing agents by an advertiser yet on their own accord undertake advertising activities for any capital market products and services. They will be subject to the requirements under the Guidelines as they would be regarded as advertisers for the purposes of the Guidelines;
    • Enhancement of requirements relating to advertisers’ duty to ensure the advertising activities conducted by their marketing agent comply with the Guidelines. The advertisers will otherwise be held accountable for the conduct of their marketing agent; and
    • Enhancement of requirements relating to use of social media to address its growing use for financial promotions.

    The Guidelines will also impose a prohibition against advertising services in Malaysia, of persons who are not authorised by the SC.

    The Guidelines is part of the SC’s ongoing efforts to promote responsible advertising on new channels of advertising such as social media, ultimately protecting investors.

    In reviewing and formulating the revised Guidelines, the SC has, amongst others, benchmarked against other jurisdictions such as Australia, the UK and Singapore, and considered the feedback received from engagement with relevant stakeholders including finfluencers.

    The revised Guidelines will come into effect on 1 November 2025 to allow sufficient time for advertisers to familiarise and make the necessary preparations to meet the new requirements.

    Meanwhile, the relevant stakeholders may engage the SC for any clarification and guidance relating to the revised Guidelines. Any queries on the revised Guidelines may be submitted to AdGuidelines@seccom.com.my.

    The revised Guidelines can be downloaded together with its revised FAQs at https://www.sc.com.my/regulation/guidelines/advertising-and-promotion.

  • ICAEW partners SC to strengthen expertise in sustainability disclosures

    The Securities Commission Malaysia (SC) and Institute of Chartered Accountants in England and Wales (ICAEW) have initiated a collaboration through a Letter of Intent to collaborate in certain areas.

    This collaboration focuses on capacity-building, with ICAEW providing specialised training on climate-related financial disclosures, the provision of a programme to obtain Sustainability Certifications, the use of ICAEW training films and other areas.

    As part of this initiative, ICAEW conducted a workshop  at the ASEAN Capital Markets Forum (ACMF) Chairs Meeting in Penang.

    This workshop covered key sustainability disclosure requirements and regulatory best practices, including

    • IFRS S1 and S2 standards for climate and sustainability-related disclosures
    • Scope 3 emissions reporting and measurement challenges
    • The impact of global climate regulations, such as the Carbon Border Adjustment Mechanism (CBAM) and the Corporate Sustainability Reporting Directive (CSRD)
    • The role of regulators in sustainability policy and stakeholder engagement

    This collaboration is timely as Malaysia has assumed the ASEAN Chairmanship for 2025, under the theme “Inclusivity and Sustainability.” With global ESG standards evolving, equipping regulators with the right expertise is crucial.

    ICAEW Chief Executive Alan Vallance welcomed this milestone, stating, “Trust, ethics, and sustainability must be at the core of capital markets. Sustainability is not just about compliance—it is a business imperative that drives resilience, innovation, and long-term success. Through this collaboration with the Securities Commission Malaysia, ICAEW reaffirms its commitment to strengthening regulatory expertise in sustainability across ASEAN.”

    “This collaboration will equip regulators with the tools and insights needed to align with global ESG standards while ensuring that regulation remains supportive, not punitive. By fostering capacity-building, knowledge-sharing, and sustainable finance innovation, we can work together to build an interconnected, inclusive, and resilient ASEAN capital market.”

    Echoing this sentiment, SC Chairman Dato’ Mohammad Faiz Azmi, highlighted the need to upskill regulators: “Malaysia’s ASEAN Chairmanship in 2025 presents an opportunity to drive sustainability and financial resilience. Our collaboration with ICAEW ensures we stay ahead of global standards while equipping regulators to support market participants. Together, we can strengthen ASEAN’s capital markets and investor confidence,” he said.

    As ICAEW continues to champion sustainability and professional excellence worldwide, this partnership exemplifies its role in empowering financial professionals, policymakers, and regulators with the tools needed to drive meaningful change. Find out more at https://www.icaew.com/technical/sustainability