KUALA LUMPUR – The Securities Commission Malaysia (SC) concluded its annual Industry Dialogue 2020 on September 15, which involved 60 industry leaders from various market segments in the capital market engaging on key challenges and risks in the current environment as well as the opportunities for the future of the Malaysian capital market.
Participants at the dialogue include advisers, brokers, credit rating agencies, fund managers, financial planners, investment banks, market operators, traders, and unit trust management companies, and this cut across the Islamic, conventional as well as the digital segment.
SC Chairman Datuk Syed Zaid Albar said that the dialogue facilitated a candid exchange of views and ideas on a number of key areas, which will inform the SC in the formulation of policies to drive the growth of the capital market.
“The COVID-19 pandemic has significantly impacted Malaysians at large and similarly this is felt across the various segments of the capital market. Given the rapidly evolving environment that we operate in, it is important for the SC to undertake robust and constant engagements with market participants to ensure the continued effectiveness and efficiency of the capital market ecosystem,” said Datuk Syed Zaid Albar.
In the six-day long dialogue with the industry, a broad spectrum of issues were discussed including accelerating digitisation adoption, promoting Sustainable and Responsible Investment (SRI) and addressing scams and unlicensed activities.
With regards to the increasing incidences of clone firm scams and unlicensed activities, the SC has heightened its surveillance, supervisory actions as well as investor education and awareness efforts. To this end, a special task force has been established within the SC to accelerate the detection, investigation and initiation of enforcement action against the perpetrators.
The SC calls on members of the public with information on illegal investment schemes
to contact the SC’s Consumer and Investor Office at 03-6204 8999 or email: [email protected]