Malaysia

Trading & Investment

Bursa Malaysia Announces Launch of Shariah Discretionary Trading

By Editors | 09/07/2022

Discretionary trading based on Shariah principles is now permitted at Bursa Malaysia. Malacca Securities is the first to offer the service.

Alternative Markets

Malaysia SC Expands Tax Incentives Available to VC Firms

By Editors | 04/07/2022

VCCs can claim exemptions from tax on all income other than interest income from savings or fixed deposits and profits from Shariah-based deposits – for a period of up to five years.

Climate Risk

BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests

By Editors | 03/07/2022

BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.

Sustainable Finance

SC Malaysia Launches New Framework for SRI-Linked Sukuk

By Editors | 02/07/2022

Issuers can use SRI-linked sukuk proceeds for general purpose, subject to their commitments to future improvements for sustainability outcomes within a predefined timeline.

Conduct, Culture & Accountability

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

By Editors | 02/07/2022

The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

Climate Risk

Malaysia Regulators Publish TCFD Adoption Guide for FIs

By Editors | 30/06/2022

All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.

Tokenisation

Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC

By Editors | 28/06/2022

The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.

Fraud, Scams & Cybercrime

Malaysia SC Charges Former Investment Banker for Deception

By Editors | 19/06/2022

The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.

Structural Regulation

Malaysia SC to Review Rules for Credit Rating Agencies

By Editors | 13/06/2022

The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.