PETALING JAYA: The Securities Commission (SC) and Bursa Malaysia Bhd will establish a wholly-owned subsidiary to assume the regulatory functions currently undertaken by Bursa Malaysia (Bursa RegSub).
In a joint statement, SC chairman Datuk Syed Zaid Albar said: “The SC and Bursa Malaysia have been working closely to further enhance the governance structure of the exchange by segregating its regulatory functions from its commercial objectives to address perception of potential conflicts of interest between these two roles.