COVID-19: SC gives more time to market participants to submit regulatory filings

KUALA LUMPUR (March 20): The Securities Commission Malaysia (SC) is now extending the deadlines for market participants to submit their regulatory filings and submissions in view of the COVID-19 pandemic and Malaysia's partial lockdown to curb the spread of the virus.

"In addition to a host of significant general business concerns, COVID-19 has raised a number of specific regulatory issues and administrative challenges for market participants to comply with the SC’s regulatory reporting requirements. As such, the regulator is extending deadlines for market participants to comply with requirements such as regulatory filings and submissions to the SC and fulfilment of training requirements," the SC said in a statement today.

The deferment of these regulatory submissions is part of the SC's wider relief package for the capital market to support the Government’s measures to contain the spread of the coronavirus, it said.

For further details, visit the SC website or email [email protected] for clarification.

The SC's statement today came on the heels of its joint announcement with Bursa Malaysia on Tuesday, when they said listed Real Estate Investment Trusts  would be granted a two-month extension to hold their annual general meetings, while listed corporations would be given flexibility in the issuance of their quarterly and annual reports.

Yesterday, both the SC and Bursa said that the capital market, as a critical component of Malaysia’s financial sector, will operate as usual during the restricted movement period, with all intermediaries expected to remain open and be fully operational.

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