About World Capital Markets Symposium
 
The second edition of the World Capital Markets Symposium will focus on the opportunities afforded to the global community to change international practices, rules and regulations as well as governance structures to make financial markets and systems more buoyant in times of crises. In addition, the Symposium is expected to examine the strategic role of leadership in achieving a sustainable and more balanced global growth through a more inclusive transformation process. The resilience of Asia’s financial institutions in the face of the global financial crisis of recent years has been due to the policy and regulatory adjustments post Asian crisis. Nonetheless, the repercussions of the financial crisis make it imperative that Asia contributes to the reform agenda and that Asian voices are heard in the search for global solutions.

The World Capital Markets Symposium is an initiative by the Securities Commission Malaysia to bring together influential opinion leaders, policy makers and market players from across the globe. At the domestic level, the debates and interaction with global thought leaders, regulators and market participants from around the world offers Malaysian policy makers the opportunity to engage on issues impacting the expansion and further deepening of the Malaysian capital market. The Symposium is once again anticipated to be a thought provoking platform for economics and financial experts, regulators, policy makers and practitioners to consider new options and potential solutions to the challenges we collectively face.

About Securities Commission Malaysia
 
The Securities Commission Malaysia (SC) is the primary regulator of Malaysia’s capital markets and is a self-funding statutory body with investigative and enforcement powers. The SC's many regulatory functions include:
 
  • Supervising exchanges, clearing houses and central depositories;
  • Registering authority for prospectuses of corporations other than unlisted recreational clubs;
  • Approving authority for corporate bond issues;
  • Regulating all matters relating to securities and futures contracts;
  • Regulating the take-over and mergers of companies;
  • Regulating all matters relating to unit trust schemes;
  • Licensing and supervising all licensed persons;
  • Encouraging self-regulation and
  • 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.
 
For more information, please visit www.sc.com.my
   
About Capital Market Development Fund (CMDF)
 
The establishment of the Capital Market Development Fund (“CMDF” or “the Fund”) was approved by the Minister of Finance on 21 November 2002, as part of the policy proposal for the demutualisation of the (then) Kuala Lumpur Stock Exchange.
 
In recognition of their contribution towards the development of the stock exchange, the shares of the Exchange were allocated as follows:
  • 40% was allocated to the broking industry, in recognition of their direct contribution and business risks undertaken to develop the exchange, of which 30% was allocated to the stockbroking companies wand 10% to the remisiers
  • 30% was allocated to MOF Inc, in recognition of the role of the government in their effort to develop and promote the Malaysian capital market; and
  • 30% was allocated to the setting up of the CMDF, in recognition of the direct and indirect contributions of the non-broker community and other stakeholders to the growth and development of the exchange.
 
The CMDF was legally established as an independent statutory fund on 5 January 2004, pursuant to Part IX, Section 332 of the Capital Market Securities Act* (CMSA) 2007. Part IX of the CMSA sets out the scope and broad terms of reference for the CMDF.

*The CMDF was originally established pursuant to the Securities Industry Act 1983, which has since been subsumed into the new CMSA.
 
For more information, please visit www.cmdf.org.my