Page 115 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

The SCMA requires a Board member to manage • to promote and encourage proper conduct
conflicts of interest by disclosing his or her interest among participating organisations,
in any matter under discussion by the Board or any participants, affiliates, depository participants
of its committees. Once a disclosure has been made, and all licensed or registered persons of an
he or she: exchange, clearing house and central
depository, as the case may be;
• shall neither take part nor be present in any
deliberation or decision of the Board or its • to suppress illegal, dishonourable and
committees; and improper practices in the capital market, and
the provision of investment advice or other
• shall be disregarded for the purposes of services relating to the capital market;
constituting quorum of the Board or its
committees, relating to the matter. • to consider and make recommendations for
the reform of the securities laws;

Functions of the commission • to encourage and promote the development
of the capital market in Malaysia including
The Commission shall have the following functions: research and training in connection thereto;

• to advise the Minister on all matters relating • to encourage and promote self-regulation
to the capital market; by professional associations or market
institutions in the capital market;
• to regulate all matters relating to the capital
market; • to license, register, authorise, approve and
supervise all persons engaging in regulated
• to ensure that the provisions of the securities activities or providing capital market services
laws are complied with; as may be provided for under any securities law;

• to regulate the take-overs and mergers of • to promote and maintain the integrity of
companies; all licensed persons, registered persons,
approved persons and participants in the
• to promote and regulate all matters relating capital market;
to fund management, including unit trust
schemes and PRS; • to register or recognise all auditors of public-
interest entities (PIEs) or schedule funds,
• to be responsible for supervising and and to exercise oversight over any person
monitoring the activities of any exchange who prepares a report in relation to financial
holding company, stock exchange, derivatives information of PIEs or schedule funds, in
exchange clearing house and central relation to capital market activities;
depository;
• to promote confidence in the quality and
• to take all reasonable measures to maintain reliability of audited financial statements
the confidence of investors in the capital in Malaysia, and to promote and develop
market by ensuring adequate protection for an effective and robust audit oversight
such investors; framework in Malaysia;

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