malaysia - Banking & Finance - Notices & Directives

Implementation of the New Format for the Registration Number of Business Entities Registered with the Suruhanjaya Syarikat Malaysia

This is to notify that Suruhanjaya Syarikat Malaysia (SSM) will use a new format for the registration number of business entities registered with SSM starting January 2019. The new format will replace the registration numbers for business entities registered with SSM such as companies, sole proprietors, limited liability partnerships and audit ...
Date: 03 January 2019; Type: Circular; Source: Malaysian Institute of Accountants

Policy Document on Outsourcing

This policy document sets out the scope of arrangements relevant to the outsourcing policy, and the requirements and expectations on financial institutions to maintain appropriate internal governance and outsourcing risk frameworks, including those relevant to the protection of data confidentiality. The requirements also serve to ensure the Bank&rs ...
Date: 28 December 2018; Type: Guideline; Source: Bank Negara

Equity Guidelines

The Equity Guidelines are issued under section 377 of the Capital Markets Services Act and applied by the SC in considering the following proposals under section 212 of the CMSA: (a) Issues and offerings of equity securities; (b) Listings of corporations and quotations of securities on the Main Market; and (c) Proposals which result in a significan ...
Date: 14 December 2018; Type: Guideline; Source: Securities Commission

Prospectus Guidelines

The Prospectus Guidelines issued by the Securities Commission under Section 377 of the Capital Markets and Services Act 2007 (CMSA) sets out the additional disclosure requirements to be disclosed in a prospectus pursuant to Section 235(1)(f) of the CMSA, and information to be disclosed in an abridged prospectus pursuant to Section 237(2) of the CMS ...
Date: 14 December 2018; Type: Guideline; Source: Securities Commission

Consultation Paper on the Proposed Amendments to the Rules of Bursa Malaysia Securities Berhad and the Rules of Bursa Malaysia Securities Clearing Sdn Bhd in Relation to the Proposed T+2 Settlement Cycle

This Consultation Paper seeks to consult the public on the proposed migration to a T+2 settlement cycle and the proposed rule amendments to reflect this change, where relevant. Consultation Paper No. 5/2018
Date: 03 December 2018; Type: Consultation Paper; Source: Bursa Malaysia

Reissuance of Guidance Note on Combined Financial Statements

This Circular notifies all accountants that the revised Guidance Note on Combined Financial Statements approved by the Capital Market Advisory Committee and the Council is made available for members' reference. The Guidance Note was issued to promote best practices aimed at achieving the highest standards in reporting. Circular No. 95/2018
Date: 28 November 2018; Type: Circular; Source: Malaysian Institute of Accountants

Invitation for Submission of Issues relating to 2019 Budget Proposals and other Technical and Operational Matters (Extension of Deadline)

This Circular by the Malaysian Institute of Accountants is to invite the members to submit their issues relating to the 2019 Budget Proposals, as well as other technical and operational issues along with specific detailed background to the Institute by 19 November 2018. Circular No. 90/2018
Date: 14 November 2018; Type: Circular; Source: Malaysian Institute of Accountants

Public Response Paper on Proposed Regulatory Framework for Trustees and Custodians under Section 76A of CMSA 2007

This is to notify that the Securities Commission Malaysia (SC) had published a Public Consultation Paper (CP) seeking feedback on the SC’s proposed regulatory framework for Trustees and Custodians from 12 October to 28 November 2016. The valuable and constructive feedback and suggestions from the 24 respondents have been duly considered in th ...
Date: 19 October 2018; Type: Feedback; Source: Securities Commission

Consultation Paper on the Proposed Review of the Market Listing Requirements in Relation to Continuing Disclosure Obligations and other Amendments

This Consultation Paper seeks views and comments from the public on the proposed amendments to Bursa Malaysia Securities Berhad Main Market Listing Requirements and ACE Market Listing Requirements in relation to the continuing disclosure obligations of listed issuers. Consultation Paper No. 3/2018
Date: 28 September 2018; Type: Consultation Paper; Source: Bursa Malaysia

Consultation Paper on Interim Financial Reporting Framework under the Listing Requirements

This Consultation Paper by Bursa Malaysia invites written comments and suggestions on whether the current quarterly reporting regime should be maintained for the market and in that regard, what would be the appropriate interim reporting framework for Malaysia, on or by 30 November 2018. Consultation Paper No. 4/2018
Date: 28 September 2018; Type: Consultation Paper; Source: Bursa Malaysia

Guidelines on Implementation of Targeted Financial Sanctions relating to Proliferation Financing for Capital Market Intermediaries

These Guidelines are applicable to a relevant capital market intermediaries and their branches in Malaysia. These Guidelines provide requirements for relevant capital market intermediaries regulated under the CMSA to comply with the obligations imposed under the relevant laws.
Date: 06 April 2018; Type: Guideline; Source: Securities Commission

Consultation Paper on Proposed Review of the Main Market Listing Requirements and Rules and Directives of Bursa Malaysia Securities Berhad in Relation to Exchange-Traded Funds

This Consultation Paper seeks to consult the public on the proposed amendments to the rules that reflect various enhancements to the framework for Exchange-Traded Funds (ETF) aimed at spurring innovation and growth of our ETF industry. The written comments on the issues set out in this Consultation Paper relating to the Main Market Listing Requirem ...
Date: 09 July 2018; Type: Consultation Paper; Source: Bursa Malaysia

List of Shariah-Compliant Securities by the Shariah Advisory Council of the Securities Commission Malaysia

The Shariah Advisory Council of the Securities Commission Malaysia has approved an updated list of securities which have been classified as Shariah-compliant securities. This list of Shariah-compliant securities will take effect from 25 May 2018.
Date: 25 May 2018; Type: Statement; Source: Securities Commission

Additional Requirements for the Money Services Business Compliance Officers

This circular entrusts additional responsibilities on Money Services Business Compliance Officers to ensure that they perform their roles and responsibilities effectively in proportion to the size and scope of activities of the licensed entity which appoints them.
Date: 22 May 2018; Type: Circular; Source: Bank Negara

Revision of the Licensing Handbook

This is to notify that handbook issued by the Securities Commission Malaysia under the Capital Markets and Services Act 2007, which introduced a single licensing regime for capital market intermediaries and explained the procedures, obligations, and restrictions attached to a licence is revised as on 6 April 2018. SC-GL/LH- ...
Date: 06 April 2018; Type: Guideline; Source: Securities Commission

Issuance of Amendments to Main Market Listing Requirements in Relation to Collective Investment Scheme and Business Trust

This is to notify the amendments made to the Main Market Listing Requirements in relation to the collective investment scheme and business trust. Circular No. 104/2018
Date: 17 April 2018; Type: Circular; Source: Malaysian Bar

Amendments to Main Market Listing Requirements and Ace Market Listing Requirements

This Circular is to inform the members of the Bar of the amendments made to the Main Market Listing Requirements and ACE Market Listing Requirements by the Bursa Malaysia Berhad (Regulatory Policy & Advisory). Circular No. 001/2018
Date: 03 January 2018; Type: Circular; Source: Malaysian Bar

Principles for a Fair and Effective Financial Market for the Malaysian Financial Market

The Principles provides a broad guidance such that it can be universally internalised and applied by all market participants in the form of their own Internal Codes of Conduct, Guidelines, Organisational and Governance Structures, as well as in their Financial Market activities.
Date: 17 October 2017; Type: Guide; Source: Bank Negara

Exposure Draft on Employee Screening

The proposals seek to promote an ethical workforce for the financial industry, through the strengthening of the employee screening practices of financial institutions. The Bank invites written feedback on the proposal to be submitted by 10 November 2017.
Date: 12 October 2017; Type: Guideline; Source: Bank Negara

Ruling of the Shariah Advisory Council

The Shariah Advisory Coucil (SAC) ruled that the contract session for bai` al-sarf refers to the period of time during which the contracting parties enter into a contract, commencing with an offer (ijab), followed by an acceptance (qabul) to exchange monies between each other, and ending by the disengagement of the contracting parties physically or ...
Date: 03 October 2017; Type: Circular; Source: Bank Negara

INDUSTRY UPDATES

Complaint Boxes for Iskandar Puteri Schools to tackle Crimes

ISKANDAR PUTERI, Jan 14 (Bernama) - The Iskandar Puteri District police have suggested for the district’s schools to provide boxes for information or complaints to tackle various crimes involving students.

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Tax Amnesty Programme aims to reduce People's Burden, says IRB

KUALA LUMPUR, Jan 14 (Bernama) - The Special Voluntary Disclosure Programme (SVDP) is a clear indication of the government's desire to reduce the burden of the people through taxation, Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah said.

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INDUSTRY UPDATES

Tengku Abdullah to be proclaimed as New Sultan of Pahang on January 15

PEKAN, Jan 12 (Bernama) - The Regent of Pahang Tengku Abdullah Sultan Ahmad Shah will be proclaimed as the sixth Sultan of Pahang, succeeding Sultan Ahmad Shah, on Jan 15.

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INDUSTRY UPDATES

Judges, Judicial Officers receive DoJ Training not due to High Profile Cases - CJ

PUTRAJAYA, Jan 11 (Bernama) - Chief Justice Tan Sri Richard Malanjum explained that the training of Malaysian judges and judicial officers by the United States Department of Justice (DOJ) was not due to the high profile money laundering cases, such as the ones involving former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

Adapt Technology and Work from anywhere, CJ tells Lawyers

PUTRAJAYA, Jan 11 (Bernama) - With the tagline ‘Now Anywhere Can Work’, lawyers can now deal with their cases from anywhere through the use of technology introduced by the judiciary in order to have an efficient court system, said Chief Justice Tan Sri Richard Malanjum today.

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INDUSTRY UPDATES

Malaysian Bar will continue to voice Concerns over use of Oppressive Laws - President

PUTRAJAYA, Jan 11 (Bernama) - The Malaysian Bar will continue to voice its concerns on the continued use of oppressive laws, said its president George Varughese.

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INDUSTRY UPDATES

Full Force of the Law to be applied to Wrongdoers, says AG

PUTRAJAYA, Jan 11 (Bernama) - Attorney-General Tommy Thomas said today the full force of the law would be applied to wrongdoers.

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INDUSTRY UPDATES

Matrade appoints Halim Mohamad as Chairman

KUALA LUMPUR, Jan 11 (Bernama) - Malaysia External Trade Development Corporation (Matrade) has appointed Tan Sri Halim Mohammad as its seventh chairman, effective Jan 1, 2019.

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INDUSTRY UPDATES

Rizal granted Permission to transfer Corruption Case to High Court

KUALA LUMPUR, Jan 9 (Bernama) - The case of former special officer to the former Prime Minister, Datuk Rizal Mansor, who faces four corruption charges involving a solar hybrid system project for rural schools in Sarawak will be heard in the High Court.

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INDUSTRY UPDATES

Kamis Samin is new Chief Administrator of Parliament

KUALA LUMPUR, Jan 7 (Bernama) - Prime Minister’s Department Ceremonial and International Conference Secretariat Division secretary Datuk Kamis Samin has been appointed as the new Chief Administrator of Parliament, effective today.

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INDUSTRY UPDATES

Ku Nan's Case to be tried in High Court

KUALA LUMPUR, Jan 7 (Bernama) - The case of former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, who is facing two charges of receiving bribes totalling RM3 million, over the approval of an application by a company to raise the development related ratio in Jalan Semarak Kuala Lumpur, will be tried in the High Court.

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INDUSTRY UPDATES

No Bail for former Goldman Sachs Banker Roger Ng

KUALA LUMPUR, Jan 7 (Bernama) - Former Goldman Sachs banker Roger Ng will remain in prison after the Sessions Court here today dismissed his application to be released on bail pending his extradition proceedings to the United States to face three criminal charges relating to 1Malaysia Development Berhad (1MDB).

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INDUSTRY UPDATES

SC appoints Ong as Executive Director effective January 4

KUALA LUMPUR, Jan 7 (Bernama) - The Securities Commission Malaysia (SC) has appointed Ong Liang Heng as executive director in the chairman's office, effective Jan 4.

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INDUSTRY UPDATES

Tourism Tax Revenue to be distributed to State Governments in Q1 - Lim

KUALA LUMPUR, Jan 7 (Bernama) - The federal government will distribute the 50 per cent tourism tax revenue to state governments in the first quarter (Q1) of 2019, says Finance Minister Lim Guan Eng.

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INDUSTRY UPDATES

12 Ministries get New Secretaries-General

KUALA LUMPUR, Jan 4 (Bernama) - Twelve ministries are getting new secretaries-general, said the Chief Secretary to the Government, Datuk Seri Dr Ismail Bakar.

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