SC positive on innovative stockbroking models


SC chairman Datuk Syed Zaid Albar said the Covid-19 pandemic has forced governments, regulators and industry players alike to reflect on the current landscape and systems, “so that we can rebuild for a more resilient, sustainable and inclusive future”.

KUALA LUMPUR: The Securities Commission is positive on the country's plan to encourage greater innovation in the stockbroking industry due to a more diverse investor population and technological advancements.

In a statement on Tuesday, the regulator said it would facilitate the entry of innovative stockbroking models with differentiated value propositions to spur greater innovation, create greater diversity among market participants and enhance value for investors.

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