Securities Commission chairman Datuk Mohammad Faiz Azmi
KUALA LUMPUR: The Securities Commission Malaysia (SC) is targeting RM2 billion in assets under management (AUM) by the end of 2026 under the Single Family Office (SFO) Incentive Scheme, after receiving 30 Expressions of Interest since the scheme was launched in September 2024.
SC chairman Datuk Mohammad Faiz Azmi also noted that six conditional approvals have already been issued, with an indicative AUM of close to RM400 million.
"The pipeline includes Malaysian families repatriating wealth back home, as well as foreign families establishing a regional base,” he said in his opening remarks at the SFO Incentive Scheme Media Briefing here today.
Mohammad Faiz said this follows the Ministry of Finance’s formal gazettement of the Income Tax (Single Family Office Incentive Scheme) (Pulau 1 of Forest City Special Financial Zone) Rules 2025 on Oct 3, which marked a major milestone for the scheme.
"We would also like to affirm that Malaysia is now open for long-term and purpose-driven investments that contribute to national progress,” he added. - Bernama
