KUALA LUMPUR: The Securities Commission (SC) is reviewing its existing laws to close loopholes and strengthen enforcement, as part of its efforts to improve conviction rates in capital market offences.
Its chairman, Datuk Mohammad Faiz Azmi, said the move reflects a broader push to enhance the effectiveness of enforcement actions, beyond merely initiating prosecutions.
"I (SC) do not prosecute on rumours. I (SC) do not even prosecute on complaints. I (SC) prosecute on investigations. So, when the matter is quite complex, it takes a long time because we have to find the evidence, we have to be able to take statements, analyse, and essentially build a case not on a balance of probabilities but beyond any doubt.
"It is a very high cost, right? That is why it takes time to build a case," he told reporters at the SC Annual Report 2025 briefing here today.
Mohammad Faiz said the SC is also strengthening its Enforcement Division by deploying more resources and technology, while working more closely with other agencies to address increasingly complex cases.
He said that while public attention on alleged "corporate mafia” activities has increased, enforcement must be guided by due process and evidence.
Mohammad Faiz emphasised that matters involving criminal intimidation or harassment fall outside the SC’s jurisdiction and are handled by law enforcement agencies.
He said the regulator remains bound by legal provisions that limit disclosures during investigations to preserve the integrity of cases and uphold the presumption of innocence. - Bernama
