Objectives for the Malaysian Capital Market

The vision has six specific objectives:
· To be the preferred fund-raising centre for Malaysian companies
· To promote an effective investment management industry and a conducive environment
· To enhance the competitive position and efficiency of market institutions
· To develop a strong and competitive environment for intermediation services
· To ensure a stronger and more facilitative regulatory regime
· To establish Malaysia as an international Islamic capital market center

These objectives are linked to 24 strategic initiatives and 152 recommendations in the areas of market institutions, the stockbroking industry, the derivatives markets, investment management, the equity and bond markets, the Islamic capital market, technology & e-commerce, training & education, corporate governance, and the regulatory framework.

Tan Sri Dato’ Francis Yeoh, Managing Director of YTL Corporation Berhad and a member of the Malaysian Capital Market Committee in responding to the CPM launch said the following.

“ Firstly, the Master Plan is a positive step towards liberalization and deregulation of the Malaysian Capital Market in that it has rightly emphasized on the issue of enforcement rather than promulgating more regulations.

Secondly, the best defense against bad corporate governance is to encourage investors’ activism and educate investors of the risk and their rights when investing in the capital market.

Lastly, it is expected that over the next 10 years, the capital market is going to play a more prominent role in capital raising exercise to lubricate the economy. Economists have forecasted that in order to achieve sustainable development, Malaysia will require 1.5 trillion ringgit of new investment capital, 30% of this fund is expected to come from the capital market. Resultantly, the passage of the masterplan is significant in that it provides the conducive environment and incentives for introduction of new innovative financial instruments both in depth and breadth for the investment public.”

How can I get a copy of the Capital Market Masterplan publication?

Electronic version

The Capital Market Masterplan can be downloaded from the SC Website at www.sc.com.my

Printed copies

The public can purchase the publication from the SC Corporate Services Unit at RM 80. To enquire further on this matter, you may contact:

Corporate Services
Securities Industry Development Centre
Securities Commission
No. 3, Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
Tel : 03-6204 8667 / 6204 8669 / 6204 8000 (general)
Fax : 03-6201 8008
E-mail : sidc@seccom.com.my