Capital market participants to operate in accordance with SOPs — SC

KUALA LUMPUR (Jan 13): Capital market entities supervised, licensed or registered by the Securities Commission Malaysia (SC) shall operate in accordance with the applicable standard operating procedures (SOPs) issued by the authorities during the Emergency Ordinance and various forms of the movement control order (MCO) period.

The SC, in a statement today, said this is in response to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s statement yesterday that the capital market remains open during this period as it supports the resilience and recovery of the Malaysian economy.

“As essential service providers under the services sector, capital market participants (CMPs) can continue to undertake and provide capital market activities and services.

“These entities include the approved exchanges, licensed entities (CMSL holders), registered persons, Audit Oversight Board registered auditors, self-regulatory organisations, recognised market operators (RMOs) and other capital market-related entities,” it said.

The SC said as the regulatory body overseeing the capital market, it is authorised to issue verification letters for CMPs to facilitate the movement of their employees during the MCO period.

“Capital market entities are reminded to be vigilant and take all necessary measures to minimise the risk of the spread of Covid-19 at their workplace,” it added.

Tengku Zafrul said the continued operations of the capital market are important to support the resilience and recovery of the country’s economy, as well as help investors manage their risks and opportunities during this period.

Source: TheEdgeMarkets