Malaysia

Malaysia to Enact New Consumer Credit Act in 2022 – Reports

By Sanday Chongo Kabange | 17/11/2021

The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.

Securities / Derivatives

Malaysian Regulators Pledge Support to Mid-Tier IPO Hopefuls

By Sanday Chongo Kabange | 15/11/2021

Bursa Malaysia and the SC will collaborate on efforts to help mid-tier companies become “investment-ready” and learn about governance requirements.

ESG / Sustainability

SRI Taxonomy a ‘Critical Building Block’ for Malaysia Capital Market

By Manesh Samtani | 15/11/2021

Malaysia’s Securities Commission is on track to publish a draft SRI taxonomy for consultation by the end of the year.

Securities / Derivatives

BNM Raises Expectations of Good Conduct in Wholesale Markets

By Manesh Samtani | 14/11/2021

The board and management must ensure good conduct culture is embedded and governance structures “inculcate fair and ethical decision making”.

Enforcement

Bursa Malaysia Facing Legal Action from Listed Company

By Sanday Chongo Kabange | 14/11/2021

Oil and gas engineering group Serba Dinamik alleges Bursa was “acting in excess of power” by requiring the disclosure of findings from a special independent review.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

By Editors | 11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

Securities / Derivatives

Bursa Malaysia, ZCE Sign MOU on Derivatives Market Development

By Editors | 01/11/2021

Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will collaborate on information exchange, product research, and training and educational events.

Securities / Derivatives

Bursa Malaysia Launches Competency Framework on Sustainability

By Editors | 01/11/2021

The framework maps competencies against sustainability-related positions to facilitate the development of sustainability strategies and reporting approaches.

Market Infrastructure

Malaysia, Thailand Expand Local Currency Settlement Framework

By Editors | 31/10/2021

Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.