Page 6 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

ChAiRMAN’S

MESSAGE

The SC remains committed to
a proportionate and facilitative

regulatory approach – one
which fosters innovation and

competitiveness within a sensible
and proactive oversight regime.
MESSAGE

ChAiRMAN’S

I am privileged to present my first annual report as HIGHLIGHTS OF 2018
Chairman of the Securities Commission Malaysia, a
role which I assumed in November 2018. The overall capital market stood at RM3.1 trillion as at
31 December 2018, equivalent to 2.2 times the size
It was a year of historic change on the domestic of the domestic economy. This comprised domestic
front, which coincided with the 25 anniversary of bonds and sukuk outstanding, which rose to RM1.4
th
the SC’s establishment. Though occasionally trillion and equity market capitalisation of RM1.7
tempered by uncertainties stemming from rising trillion. On the buy-side, the fund management
trade tensions and tightening global financial industry with assets under management of RM743.6
conditions, all segments of the Malaysian capital billion continued to play a key role in savings
market nevertheless remained resilient, which is a intermediation.
testament to the safeguards implemented by
policymakers and market participants. The capital market sustained its role in financing for
the real economy, with total funds raised through
Structural forces also continued to reshape markets bond, sukuk and equity issuances amounting to
– both global and domestic – with technology RM114.6 billion. While relatively nascent, alternative
transforming financial services in tandem with fundraising channels for micro, small and medium
demographic trends which underscore the need for enterprises (MSMEs) such as equity crowdfunding
a more inclusive and sustainable development (ECF) and peer-to-peer (P2P) financing gained traction,
philosophy. with RM261.5 million raised by 693 issuers to-date.

These factors paint a backdrop against which the SC Despite emerging competition, Malaysia remained a
pursued its 2018 work programme in line with its global leader in the Islamic capital market with
regulatory and development mandate, an account of RM1.9 trillion in Shariah-compliant equity and sukuk
which is provided in this annual report. outstanding. Malaysia also continued to be the
world’s largest sukuk market.

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