SC will develop framework on social exchange implementation

SC chairman Datuk Seri Dr Awang Adek Hussin

KUALA LUMPUR: The Securities Commission Malaysia (SC) will soon develop a detailed framework for implementing the Social Exchange (SE), especially regarding governance and assurance requirements, to ensure that funds raised in the SE will be properly used as intended.

Its chairman, Datuk Seri Dr Awang Adek Hussin, said that by having a dedicated fundraising platform for projects with positive social outcomes, the SE will further facilitate the mobilisation of private and philanthropic capital to meet the needs of the underprivileged.