What Securities Commission Malaysia does

Securities Commission Malaysia (SC) is a self-funded statutory body established on 1 March 1993 under the Securities Commission Act 1993, headquartered in Kuala Lumpur, Malaysia. It is the exclusive regulator and developer of the Malaysian capital market, operating under statutory authority granted by the Securities Commission Act 1993, Capital Markets and Services Act 2007, and Securities Industry (Central Depository) Act 1991. The SC regulates securities and derivatives markets, oversees licensed entities including stockbrokers, fund managers, digital asset exchanges (DAXs), peer-to-peer (P2P) financing operators, and equity crowdfunding platforms, and serves a broad constituency of listed companies, retail investors, MSMEs, Islamic capital market participants, and capital market intermediaries. It reports to the Minister of Finance and its financial statements are presented to Parliament annually.

The SC's core regulatory products include the Capital Market Masterplan 2026-2030 (CMP4) — a five-year strategic roadmap targeting capital market expansion from RM4.3 trillion to RM5.8-6.3 trillion by 2030 — alongside operational frameworks such as the Guidelines on Recognized Markets for Digital Asset Exchanges, MY Value Up Programme for corporate governance, and the Regulatory Sandbox for fintech testing. Notable innovation initiatives include FIKRALab (ICM Innovation Lab) for Islamic capital market product co-creation with institutions such as CIMB, Malaysia's first tokenized sukuk (RM100 million with Khazanah Nasional) using distributed ledger technology, the Social Exchange platform for impact financing, and the aFINity@SC fintech innovation platform. The SC's underlying technology infrastructure supports capital market supervision, DAX oversight, Islamic capital market innovation, AI-driven surveillance and credit scoring, and sustainable finance frameworks.

The SC is self-funded through regulatory fees and levies charged to market participants, generating approximately RM280 million in annual revenue (RM279.7 million expenditure, RM2.11 million loss in the prior year). Revenue streams include fund management fees scaled by AUM (0.0025%-0.0125% with minimum RM20,000/year/firm), licensing and registration fees (e.g., RM5,000 RMO application fee), and a new RM28 million annual regulatory fee from Bursa Malaysia effective January 1, 2026. Its customer segments span listed companies on Bursa Malaysia, retail investors, MSMEs and mid-tier companies, digital asset exchanges, Islamic capital market participants, and licensed capital market intermediaries — distributed via licensing regimes, public consultations, and engagement programs rather than commercial sales channels.

Name

Securities Commission Malaysia

Legal name

Securities Commission Malaysia

Website

https://sc.com.my

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Securities Commission Malaysia is a self-funded statutory body established in 1993 that regulates and develops Malaysia's capital market, overseeing securities, derivatives, digital asset exchanges, and Islamic finance through licensing, enforcement, and strategic initiatives like the Capital Market Masterplan 2026-2030.

Ownership category

akta.pro rank

Product category

Capital Market Regulation

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Finance Services (6199)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL)

Keywords

• Capital market regulation
• Securities supervision
• Investor protection
• Capital market licensing
• Islamic finance regulation

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Regulatory Fees and Levies: Self-funded statutory body financed through regulatory fees charged to market participants. Fund management companies pay fees based on assets under management by asset class (equity funds 0.0125%, bond funds, mixed asset funds, money market funds, and private mandates ranging from 0.0025% to 0.01%, with minimum annual fee of RM20,000 per firm). Bursa Malaysia pays a new annual RM28 million regulatory fee to the SC from January 1, 2026. The SC recorded a loss of RM2.11 million in the prior year, with staff expenses accounting for over three-quarters of its RM279.7 million expenditure.
2. Licensing and Registration Fees: Revenue from licensing Capital Market Services Licence (CMSL) holders, Recognised Market Operators (digital asset exchanges, P2P, ECF platforms), and other regulated entities. Application fees include RM5,000 for RMO registration.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

The Securities Commission Malaysia is a self-funded statutory body that regulates and develops the Malaysian capital market. Its core offerings include licensing and registration of capital market intermediaries and Recognised Market Operators (digital asset exchanges, P2P, equity crowdfunding platforms), issuance of regulatory guidelines and frameworks, market surveillance and enforcement, investor education through InvestSmart, and market development initiatives including the Capital Market Masterplan 2026-2030, the Regulatory Sandbox, FIKRALab, and the MY Value Up Programme.

Product overview

Securities Commission Malaysia (SC) is a statutory regulatory body, not a commercial product company. SC's regulatory initiatives include innovation platforms such as FIKRALab (Islamic Capital Market Innovation Lab) for developing Shariah-compliant financial instruments, a Regulatory Sandbox for fintech testing, and a Social Exchange Platform for impact financing. SC also oversees digital asset exchanges through the Guidelines on Recognized Markets framework, manages the tokenized sukuk programme with Khazanah, and runs the MY Value Up Programme for corporate governance enhancement. These are regulatory and developmental programmes rather than commercial products.

Differentiator

Problem solved

Functional benefit

Brands

• FIKRALab: Islamic Capital Market Innovation Lab for developing new ICM products aligned with Maqasid al-Shariah principles
• MY Value Up Programme
• InvestSmart
• aFINity@SC
• LEAP Market
• Bursa Malaysia Carbon Exchange
• Social Exchange

Products and services

• Capital Market Services Licence (CMSL)
• Recognised Market Operator (RMO) Registration
• Regulatory Sandbox
• FIKRALab (ICM Innovation Lab)
• Social Exchange Platform
• Tokenized Sukuk Pilot (Sukuk Danum Programme)
• MY Value Up Programme
• LEAP Market 2.0 Reforms
• InvestSmart Investor Empowerment Programme
• Malaysia Co-Investment Fund (MyCIF)

Quantifiable outcome

• Capital market expanded 3.2% to record RM4.3 trillion in 2025, with 60 IPOs raising RM6 billion and RM187.7 billion in total capital raised
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core, major and minor.

• Bursa MalaysiacoreStrategic or Co-development Partner · 28 May 2026SC and Bursa Malaysia jointly revised Equity Guidelines to strengthen listing standards, differentiate Main Market from ACE Market, and launched the MY Value Up Programme Guidebook. Also jointly proposing LEAP Market 2.0 enhancements to expand fundraising access for MSMEs and MTCs. Engaged senior management from 88 of the largest listed companies representing about 80% of Bursa Malaysia's total market capitalisation.
• GooglemajorGTM or Marketing Partner · 20 May 2026SC partnered with Google to restrict promotion of unregistered digital asset exchanges to Malaysian users via social media starting April 14, 2026. Also announced financial services verification (FSV) requirements requiring financial advertisers to demonstrate authorization from Malaysian regulators (BNM, SC, or Labuan FSA) before running ads on Google's platforms.
• Khazanah Nasional BerhadcoreStrategic or Co-development Partner · 28 April 2026Khazanah issued Malaysia's first tokenized sukuk worth MYR 100 million under the Danum Sukuk Programme in collaboration with the SC. The inaugural tranche uses distributed ledger technology to create immutable digital records of the Islamic debt instrument, structured under the Shariah principle of Wakalah bi al-Istithmar with a one-year tenor. The pilot involved financial institutions including CIMB Group, Maybank, CGC, KWAP, and OCBC Bank as issuers and investors to test institutional readiness for tokenized sukuk workflows.
• China Securities Regulatory Commission (CSRC)majorStrategic or Co-development Partner · 1 April 2026SC led a delegation to China under the Capital Market Masterplan 2026-2030 regional engagement programme. Discussions covered cross-border ETFs, potential dual listings, and Islamic capital market products like sukuk. China was the first destination for SC's regional engagements reflecting bilateral economic ties and potential for expanded investment links.
• State Administration of Foreign Exchange (SAFE), ChinamajorStrategic or Co-development Partner · 1 April 2026Part of the SC's China delegation under the Capital Market Masterplan 2026-2030 regional engagement programme, discussing cross-border investment opportunities and regulatory cooperation.
• China Investment CorporationmajorStrategic or Co-development Partner · 1 April 2026Part of the SC's China delegation discussing potential dual listings, cross-border ETFs, and Islamic capital market instruments. Major Chinese institutional investor engaged as part of efforts to expand Malaysia's international investor base.
• Malaysian Communications and Multimedia Commission (MCMC)majorStrategic or Co-development Partner · 1 April 2026MoU signed to enhance cooperation in combating online scams and fraudulent investment schemes. Partnership leverages AI and emerging technologies to improve detection, investigation, and enforcement efficiency. Previously blocked 328 websites, 388 Telegram accounts, and 60 telephone numbers in 2024-2025. Aligns with National Scam Response Centre's expanded mandate.
• CIMB Group Holdings BhdcoreStrategic or Co-development Partner · 26 March 2026CIMB partnered with the SC and Bursa Malaysia to pilot FIKRALab, an ICM Innovation Lab under the Capital Market Masterplan 2026-2030, aimed at developing new instruments for Malaysia's Islamic capital markets. CIMB has identified Islamic finance as a key growth area under its Forward30 strategy, with over half of its Malaysia financing book already Shariah-compliant.
• Companies Commission of Malaysia (SSM)majorStrategic or Co-development Partner · 1 March 2026Two-year data-sharing agreement to expand capital market access for MSMEs and MTCs. SC uses SSM's corporate data to identify unlisted companies with growth potential and financing needs, connecting them with fundraising avenues including Bursa Malaysia's Main, ACE, and LEAP Markets, as well as equity crowdfunding and P2P platforms. Includes joint monitoring to prevent financial scams and track sustainability disclosures.
• Bank Negara Malaysia (BNM)coreStrategic or Co-development Partner · 1 February 2026Joint Committee on Climate Change (JC3) co-chaired by BNM and SC. JC3's Climate Finance Innovation Lab onboarded 30 projects with total funding requirements exceeding RM4 billion as of January 2026. Both regulators are advancing the Malaysia Taxonomy for Sustainable Finance aligned with the ASEAN Taxonomy.
• TERAJU Bumiputera CorporationmajorStrategic or Co-development Partner · 1 October 2025Two-year MoU to expand capital market access for Bumiputera MSMEs and MTCs. Partnership aims to enhance fundraising readiness and build a pipeline of investment-ready companies among Bumiputera firms across various sectors, supporting Malaysia's 13th Malaysia Plan aspirations.
• Oman Financial Services Authority (FSA)minorStrategic or Co-development Partner · 1 September 2025Two-year Joint Programme for Capital Market Development Cooperation signed in 2025, building on a 2003 MoU, focusing on market integrity, investor protection, and sustainable growth in conventional and Islamic capital markets. Key areas include exploring Mutual Recognition Agreements, CIS passporting, joint staff secondments and training, and promoting investment opportunities in both countries.
• Durham UniversityminorOthers · 1 July 2025Joint initiatives including the Young Regulators Development Programme for early career securities regulators and an Islamic Capital Market summer school, both running annually from 2025 to 2027 in Kuala Lumpur. Also awarded an honorary degree in Civil Law to SC Chairman Dato' Mohammad Faiz Azmi.
• Luno MalaysiaminorOthersLicensed Digital Asset Exchange operator regulated by SC. Luno Malaysia characterised the revised DAX guidelines as a 'progressive approach' that strengthens investor protection while positioning Malaysian regulated exchanges to compete with offshore platforms and attract institutional capital.
• Kinetic DAXminorOthersLicensed Digital Asset Exchange operator regulated by SC. Kinetic DAX characterised the revised DAX guidelines as a 'progressive approach' that strengthens investor protection while positioning Malaysian regulated exchanges to compete with offshore platforms.

Scale indicators11 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Monetary Authority of Singapore (MAS): Singapore's integrated financial regulator and central bank, operating a comparable regional capital markets supervisory regime with active securities, fund management, and digital asset oversight - the most direct regional benchmark for SC's mandate.
• Securities and Futures Commission (Hong Kong SFC): Hong Kong's securities and futures regulator overseeing listings, intermediaries, and increasingly digital asset products; a directly comparable securities regulator for a regional financial hub.
• Australian Securities and Investments Commission (ASIC): Australia's integrated corporate, markets, and financial services regulator with strong capital markets and fintech mandates; structurally comparable to SC's combined regulator-developer role.
• Securities and Exchange Commission (United States SEC): The US federal securities regulator with extensive enforcement, listing oversight, and emerging digital asset/innovation functions - the global benchmark for capital markets regulation against which SC frameworks are compared.
• Financial Conduct Authority (United Kingdom FCA): The UK's conduct regulator for financial services and markets, with parallel sandbox, innovation, and securities oversight functions that mirror SC's regulator-developer mandate.
• Securities and Exchange Board of India (SEBI): India's securities and commodities market regulator overseeing IPOs, intermediaries, and mutual funds; shares SC's mandate to develop a deep capital market alongside protective regulation.
• China Securities Regulatory Commission (CSRC): The mainland Chinese securities regulator and a key bilateral counterparty for SC under the Capital Market Masterplan 2026-2030 regional engagement programme covering cross-border ETFs and potential dual listings.
• Financial Services Agency (Japan FSA): Japan's integrated financial regulator overseeing securities, banking, and insurance with active regional and IOSCO engagement; comparable structure and IOSCO-style collaboration profile.
• Dubai Financial Services Authority (DFSA): The independent regulator of the Dubai International Financial Centre with authority over securities, derivatives, and fund management; a strong peer for an emerging-market capital markets regulator with Islamic finance ambitions.

Broad incumbents

• Bank Negara Malaysia (BNM): Malaysia's central bank and SC's primary domestic regulatory partner (e.g., JC3 Climate Finance, Malaysia Taxonomy, FSV with Google); broader mandate covering banking and payments rather than capital markets specifically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/seccommy
• LinkedInlinkedin.com/company/suruhanjaya-sekuriti

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Securities Commission Malaysia