SC to introduce VC Golden Pass to streamline venture capital registration

SC chairman Datuk Seri Awang Adek Hussin

KUALA LUMPUR: The Securities Commission Malaysia (SC) will introduce a Venture Capital (VC) Golden Pass to streamline the registration process with SC for eligible international VCs setting up in Malaysia.

SC chairman Datuk Seri Awang Adek Hussin said under this purview, the commission will introduce a green lane process to expedite VC registration from the current six weeks to two weeks, subject to the fulfilment of stipulated requirements under the SC’s Focused Scope Assessment framework.