Malaysia

    AML / KYC

    Malaysia Files 22 Civil Suits to Recover 1MDB Losses

    By Manesh Samtani | 11/05/2021

    Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.

    Securities / Derivatives

    Malaysia to Allow Circuit Breaker to Revert to Original Parameters

    By Editors | 10/05/2021

    The decision reflects the improving economic outlook, the roll-out of the vaccination programme, and the normalisation of global market conditions.

    ESG / Sustainability

    BNM Finalises ‘Climate Change and Principle-based Taxonomy’

    By Manesh Samtani | 03/05/2021

    The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.

    ESG / Sustainability

    Malaysia SC Publishes Updated Corporate Governance Code

    By Editors | 29/04/2021

    The update focuses on selection and nomination processes for directors, including to address issues with board diversity and sustainability.

    Enforcement

    Malaysian Court Orders Restitution for 2009 Investment Scheme

    By Editors | 10/04/2021

    The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.

    Crypto / Digital Assets

    BNM to Explore Benefits of CBDC Issuance Through PoCs

    By Sanday Chongo Kabange | 07/04/2021

    BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

    Enforcement

    Malaysia Regulators Investigate Investment Scam Syndicate

    By Editors | 01/04/2021

    The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.

    Market Infrastructure

    BNM Shariah Advisory Council Rules RFRs Permissible

    By Editors | 29/03/2021

    The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.

    Enforcement

    Malaysia SC Probes Share Disposals by AmBank Execs

    By Sanday Chongo Kabange | 23/03/2021

    Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.

    Securities / Derivatives

    Malaysia Grants Fee Waivers, Rebates on Listing Related Fees

    By Editors | 21/03/2021

    Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.

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