SC plans to widen sophisticated-investor base

Kamarudin said the SC would also enable fund managers to offer foreign funds to high-net-worth entities and institutional investors in the Malaysian capital market.

PETALING JAYA: The Securities Commission (SC) plans to widen the sophisticated-investor base by providing flexibilities within the calculation of high-net-worth individuals threshold, says managing director Kamarudin Hashim.

The SC would expand the qualification criteria of sophisticated investors to account for their knowledge and experience as well as extend angel investors’ participation in other capital market products beyond the private markets and micro, small and medium enterprises space, he said.