KUALA LUMPUR: The Securities Commission Malaysia (SC) is undertaking a holistic review of the Capital Markets and Services Act 2007 (CMSA), a key legislation that regulates the Malaysian capital market and it is seeking public feedback to ensure a comprehensive review.
It said the review is part of the SC’s efforts to modernise the CMSA and promote efficiencies
to enable the capital market to remain competitive while maintaining adequate investor protection.
“To that end, the SC is requesting public feedback on parts and areas under the CMSA relating to product governance, disclosure, the approval process for corporate proposals and takeovers,” the SC said in a statement here today.
“This public feedback is aimed at ensuring the comprehensiveness of its review, complementing ongoing industry engagements and focus group consultations,” it added.
“This inclusive approach will help the SC to take into consideration all issues of concern through a transparent review process. By seeking input from stakeholders across the industry, the SC can also identify potential gaps and gain valuable insights into how best to improve the CMSA,” the SC said.
Interested parties and members of the public are encouraged to submit their comments, feedback and queries to the SC by June 16, 2023, at cmsafeedback@seccom.com.my. – Bernama