- Securities Commission
Securities Commission (SC) (
Malay : "Suruhanjaya Sekuriti") is a main governing body inMalaysia . The main headquarters is inBukit Kiara near National Science Centre,Kuala Lumpur .The following is taken from the SC website and gives a brief description of SC's activities:
The SC established on 1 March 1993 under the Securities Commission Act 1993, is a self-funding statutory body with investigative and enforcement powers. It reports to the Minister of Finance and its accounts are tabled in Parliament annually.
Main functions
The SC's many regulatory functions include:
# Supervising exchanges, clearing houses and central depositories;
# Registering authority for prospectuses of corporations other than unlisted recreational clubs;
# Approving authority for corporate bond issues;
# Regulating all matters relating to securities and futures contracts;
# Regulating the take-over and mergers of companies
# Regulating all matters relating to unit trust schemes;
# Licensing and supervising all licensed persons;
# Encouraging self-regulation; and
# Ensuring proper conduct of market institutions and licensed persons.Underpinning all these functions is the SC's ultimate responsibility of protecting the investor. Apart from discharging its regulatory functions, the SC is also obliged by statute to encourage and promote the development of the securities and futures markets in Malaysia.
External links
* [http://www.sc.com.my Securities Commission official website]
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