Monday May 23 2022

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: Malaysia


On 23rd May 2022, the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority (Labuan FSA) signed a new Memorandum of Understanding (MOU) to pave the way for greater regulatory, enforcement and supervisory co-operation between the two regulators.

Taking cognisant of the changing business landscape as well as new regulatory and policy developments, the MOU builds upon and further strengthens the Memorandum of Co-operation and Mutual Assistance signed between the two agencies in 2004.

The MOU, which covers the development and regulation of capital market activities in Malaysia, will enable the SC and Labuan FSA to strengthen collaboration in areas of mutual interest, including monitoring of risks and promoting stability of the capital market. The MOU will also enhance provision of technical assistance, capacity building and exchange of information between the two regulators.

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