SC grants flexibilities on selected regulatory rules

  • Markets
  • Friday, 20 Mar 2020

KUALA LUMPUR: The Securities Commission has granted extended deadlines for companies to submit regulatory filings in view of the coronavirus pandemic and the government imposed movement control order (MCO) period.

This includes deferred deadlines to comply with submissions to the SC and fulfilment of training requirements.

It also reiterated that the capital market will continue to operate to support the economy during the nationwide restrictive movement period.

As part of their business continuity plans, many market participants are taking precautionary measures like working on split team operations or remotely from home during this period, the SC noted.

"In addition to a host of significant general business concerns, Covid-19 has raised a number of specific regulatory issues and administrative challenges for market participants to comply with the SC’s regulatory reporting requirements,' it said in a statement today.

"As such, the regulator is extending deadlines for market participants to comply with requirements such as regulatory filings and submissions to the SC and fulfilment of training requirements."

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