Malaysia SC Signs APRC's Multilateral MoU for Supervisory Cooperation

The Securities Commission Malaysia (SC) signed the IOSCO Asia Pacific Regional Committee's (APRC) Multilateral Memorandum of Understanding for Supervisory Cooperation (Supervisory MMoU) at the International Organization of Securities Commissions (IOSCO) Annual Meetings 2022 in Morocco on 17 October 2022.

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Given the increasing cross-border activities in capital markets within the region, this Supervisory MMoU establishes for the first time, a formal framework for regional supervisory cooperation among capital market regulators.

With the signing of this Supervisory MMoU, the SC now has a cooperative arrangement on supervisory matters with its regional regulatory counterparts including in Australia, Hong Kong, Japan, Singapore and Thailand.

The SC Chairman Dato' Seri Dr. Awang Adek Hussin said: "Cross-border supervisory cooperation is a key element to enhance investor protection. Information-sharing with regional regulators through this platform will strengthen the SC's overall supervisory capabilities. I commend the APRC for the collaborative leadership demonstrated in this initiative."

Chair of the APRC Takashi Nagaoka said: "I would like to congratulate the Securities Commission Malaysia for being among the first signatories of the IOSCO APRC Supervisory MMoU. This is an important milestone that will enhance regulators' cooperation and coordination across borders."