On 24 March 2020, the Securities Commission Malaysia (SC) announced
the following measures to assist capital markets participants weather the financial havoc wreaked by the Covid-19 outbreak and the movement control measures implemented in Malaysia –
A qualifying CMSL entity and a qualifying CMSRL holder who has paid their respective licence fees for 2020 will be offered a credit to offset their licensing fees for 2021.
According to the SC, the relief measures announced on 24 March 2020 will benefit 231 licensed entities, 9,663 licensed individuals and 30 registered audit firms.
This relief package is in addition to the regulatory flexibilities announced by the SC on 20 March 2020. Our Alert on the SC’s earlier announcement is available here