Page 44 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

ASEAN Capital Market Professional Mobility Engaging the industry
Framework was first signed by four ASEAN
regulators, to be followed by the participation of To drive greater growth and innovation in the capital
other countries in due course. This forms part of market, regular engagements and dialogues are held
Phase 1, which will see the creation of the ‘ACMF to better align the SC’s developmental policies and
Pass’ to facilitate cross-border movement of industry initiatives.
investment advisers, thereby allowing ASEAN
investors access to professionals with home-market During the annual SC Industry Dialogue 2018,
expertise. discussions were held with market participants
including securities and derivatives brokers and other
stakeholders involved in corporate finance activities,
Strengthening capacity building investment management, financial planning and
CG. Discussions centred on the necessity for
Since its establishment in 2017, the IOSCO Asia digitisation, further internalisation of CG culture in
Pacific Hub has initiated various capacity building the capital market ecosystem, promotion of green
initiatives to facilitate closer cross-border regulatory financing and Malaysia’s position as a regional SRI
co-operation and strengthen regulatory capabilities hub as well as capacity building for sustainable
within the region. The Hub has trained more than talent development.
200 participants from over 35 countries from
developed and emerging countries, including At the dialogue, the SC announced several initiatives
domestic stakeholders. to facilitate continued growth, greater market
flexibility and efficiency. These included
Programmes conducted by the Hub in 2018 included reconfiguration of the primary market approval
Self-Assessments of the IOSCO Principles of process; establishment of a working committee to
Securities Regulation, Countering Money Laundering develop strategies to further strengthen Malaysia’s
and Terrorism Financing in Securities Markets, position as a regional market leader in sustainable
Application of Behavioural Economics for Investor finance; and a policy review for the offering of the
Education and Protection as well as Climate-Related Undertaking for the Collective Investment in
Financial Disclosures. Transferable Securities (UCITs) to Malaysian investors,
taking into consideration fair treatment of local fund
In addition, the SC together with Securities Industry managers.
Development Corporation (SIDC) continues to run
the Islamic Capital Market Graduate Training
Scheme programme to produce entry-level
professionals with strong fundamental knowledge
and skills for the ICM. This eight-week programme,
held twice a year, has trained over 762 participants
since its inception in 2009.

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