SECURITIES Commission Malaysia (SC) has unveiled a new gatekeeping approach, the Focused Scope Assessment (FSA), designed to expedite the time to market for eligible Capital Market Intermediaries (CMIs) and Recognised Market Operators (RMOs).

The FSA aims to assess operational and regulatory readiness more efficiently, reducing the time to market from over six months to three months.

Effective immediately through amendments to the Guidelines on Recognised Markets, the FSA mandates independent validation of business policies and procedures for applicants.

Eligible CMIs include corporate finance advisers, investment advisers, fund management entities, financial planners, venture capital firms, private equities, and digital asset custodians.

The SC noted its commitment to fostering a progressive regulatory framework, acknowledging the pivotal role of micro, small, and medium enterprises (MSMEs) in driving national growth.

Amendments to the Guidelines on Recognised Markets ensure an equitable playing field for RMOs, particularly in capital requirements and anti-financial crime practices. – TMR / pic TMR FILE