Page 205 - SC SCAR 2023 ENGLISH Flipbook

Significant related party transactions
The significant related party transactions with SIDC is shown below:
Funding to SIDC
2023 RM’000
4,100
2022 RM’000
4,000
PART 5 ORGANISATION INFORMATION
23.2 The SC has a related party relationship with the Capital Market Compensation Fund Corporation (CMC) as CMC was established under the CMSA, the SC may provide monies to the CMC as stated in Section 159(a) of CMSA, the CMC is required to consult the SC where there is an event of default of the Relevant Persons, the CMC is required to submit its annual regulatory report and audited financial statements to the SC as required by the provision of CMSA, and one of the CMC Board Members is also a member of the Senior Management in the SC.
Significant related party transactions
The significant related party transactions with the CMC is shown below:
Management fee paid by the CMC
2023 2022 RM’000 RM’000
158 158
23.3 The SC has a related party relationship with the Capital Markets Promotion Council (CMPC), as the Chairman of the SC is also the Chairperson of CMPC, and one of the CMPC Board Members is also a member of the Senior Management in the SC.
Significant related party transactions
The significant related party transaction with the CMPC is shown below:
Funding to the CMPC
2023 2022 RM‘000 RM‘000
1,700 600
23.4 The SC has a related party relationship with the IOSCO Asia Pacific Hub (the Hub), as the two Directors of the Hub are also members of the Senior Management in the SC.
Significant related party transactions
The significant related party transaction with the Hub is shown below:
2023 2022 RM‘000 RM‘000
Funding to the Hub 500 320
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023 203