Securities Commission Malaysia: New capital market initiatives

<img width="562" height="339" src="https://www.leaprate.com/wp-content/uploads/2016/11/sc.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Securities Commission Malaysia: New capital market initiatives" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2016/11/sc.jpg 730w, https://www.leaprate.com/wp-content/uploads/2016/11/sc-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2016/11/sc-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2016/11/sc-88×53.jpg 88w" sizes="(max-width: 562px) 100vw, 562px" /><p>60 industry leaders gathered to discuss ideas and address difficulties pertaining to investment possibilities, funding inclusivity, and reforms in the capital market. Topics included focusing on capital market promotions to grow the domestic-centred issuer pipeline, strengthen market vitality, increase the investor pool, and expand leverage efforts for the sustainability of Malaysia’s leadership in the Islamic Capital Market.</p>
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<p>Measures, such as reduced stamp duty for share trading and secondary trading, have already been implemented. The SCID lauded these and welcomed future moves, such as widening the definition of sophisticated investors. Other discussion points included:</p>
<ul>
<li>Reducing the trading board lot size on Bursa Malaysia from 100 to something more affordable.</li>
<li>Allowing fractional share trading through stockbrokers. It plans to have the broad principles for this in place by the end of Q3.</li>
<li>Automatically transferring ACE Market-listed companies onto the main market of Bursa Malaysia, subject to criteria approval. The SC aims to achieve this by the end of 2023.</li>
</ul>
<div><img aria-describedby="caption-attachment-450107" decoding="async" class="wp-image-450107" src="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Securities-Commission-Malaysia-4940312320-Dato-Seri-Dr-Awang-Adek-Hussin.png" alt="" width="98" height="113" srcset="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Securities-Commission-Malaysia-4940312320-Dato-Seri-Dr-Awang-Adek-Hussin.png 190w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Securities-Commission-Malaysia-4940312320-Dato-Seri-Dr-Awang-Adek-Hussin-120×139.png 120w" sizes="(max-width: 98px) 100vw, 98px" /><p>Dato’ Seri Dr Awang Adek Hussin Source: Securities Commission Malaysia</p></div>
<p>Dato’ Seri Dr Awang Adek Hussin, the Securities Commission chair, said:</p>
<blockquote><p>By continuing to collaborate with various stakeholders, the SC can leverage on their expertise to drive the required reforms and improvements towards strengthening the Malaysian capital market’s vibrancy, inclusivity and competitiveness.</p></blockquote>
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