Securities Commission (Malay

Malay language

Malay is a major language of the Austronesian family. It is the official language of Malaysia , Indonesia , Brunei and Singapore...

: Suruhanjaya Sekuriti) a statutory body entrusted with the responsibility of regulating and systematically developing the capital markets in Malaysia.

History

The following is taken from the SC website and gives a brief description of the SC's activities:

The SC established on 1 March 1993 under the Securities Commission Act 1993, is a self-funding statutory body with investigative and enforcement powers. It reports to the Minister of Finance and its accounts are tabled in Parliament annually.

Main functions

The SC's many regulatory functions include:

1. Supervising exchanges, clearing houses and central depositories;
2. Registering authority for prospectuses of corporations other than unlisted recreational clubs;
3. Approving authority for corporate bond issues;
4. Regulating all matters relating to securities and futures contracts;
5. Regulating the take-over and mergers of companies
6. Regulating all matters relating to unit trust schemes;
7. Licensing and supervising all licensed persons;
8. Encouraging self-regulation; and
9. Ensuring proper conduct of market institutions and licensed persons.

Underpinning all these functions is the SC's ultimate responsibility of protecting the investor. Apart from discharging its regulatory functions, the SC is also obliged by statute to encourage and promote the development of the securities and futures markets in Malaysia.

Structure and location

The chairperson of the commission since 2006 is Zarinah Anwar, the older sister of prominent activist Zainah Anwar

Zainah Anwar

Zainah Anwar is a prominent Malaysian non-governmental organisation leader, activist and Muslim feminist. She was the head of Sisters in Islam for over two decades before stepping down.-Background:...

 and the daughter of Haji Anwar bin Abdul Malik

Haji Anwar bin Abdul Malik

Tan Sri Haji Dato' Anwar bin Abdul Malik was a Malaysian Politician .-Political career:He was the man credited with giving United Malays National Organisation its name. After the second world war, the Malayan Union was formed by the British and it was strongly opposed by the Malays...

 the person credited with giving the main Malaysian political party its name.

The SC has a board made up of seven members appointed by the minister of finance

Cabinet of Malaysia

The Cabinet of Malaysia is the executive branch of Malaysia's government. Led by the Prime Minister, the cabinet is a council of ministers who are accountable collectively to the Parliament. According to the Article 43 of the Constitution, members of the Cabinet can only be selected from members...

, which includes the chairman who runs the commission. There are two managing directors who report to her.

The SC is located in Bukit Kiara

Bukit Kiara

Bukit Kiara is an affluent suburb of Kuala Lumpur, Malaysia. The area is in proximity to the suburbs of Bukit Damansara, TTDI, Mont Kiara, Sri Hartamas and Bangsar. Bukit Kiara has often been described as the 'green lung' of Kuala Lumpur, boasting many jungle trails through its characteristic hills...

 near National Science Centre

Pusat Sains Negara

Pusat Sains Negara or National Science Centre is a science centre in Kuala Lumpur, Malaysia. Perched atop a hill on 8 hectares of landscaped grounds at Bukit Kiara on the northwestern fringes of the city, the centre was officially opened on 29 November 1996 by former Prime Minister Tun Dr Mahathir...

, Kuala Lumpur

Kuala Lumpur

Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...

.