SC calls for more dynamism, vibrancy

KUALA LUMPUR: The Malaysian capital market stands at a critical juncture and, thus, needs more dynamism and vibrancy in the face of competition across the region.

Securities Commission chairman Datuk Ranjit Ajit Singh, in his message in its 2012 annual report, said regulatory philosophy and market structures and practices must continue to be dynamic and proactively evolve in response to the changing external environment.

"Our collective willingness to adapt will enable us to leverage on opportunities and pre-empt future challenges, ensuring that the Malaysian capital market will maintain high standards of regulation while promoting greater vibrancy and innovation in our market."

For further growth opportunities, the SC will promote greater ease of market access and innovation through streamlined regulations and more competitive markets.

The commision, which enters its third decade, has identified three priorities in its strategic plan over the next three years.

Apart from strengthening the competitive position and vibrancy of the capital market, it wants to ensure that regulations are balanced and also to further empower investors.