Securities Commission Malaysia (SC) has issued Regulatory Sandbox Guidelines setting out eligibility criteria and application requirements for entities seeking to test innovative capital market products or services in a controlled environment. Application forms have been released alongside the Guidelines to allow firms to prepare ahead of the intake window. Eligibility requires a proposal that is not currently available in Malaysia and does not fully fit within existing SC frameworks, together with a clear value proposition for the Malaysian capital market. Applicants must submit comprehensive testing plans covering expected outcomes and winding-down measures, demonstrate sufficient human, financial and operational resources, provide a realistic plan for commercialisation after testing, and show they have the necessary infrastructure, governance and a fully functional prototype to begin testing. Products and solutions focused on financial inclusiveness, Islamic finance, or retirement solutions are specifically encouraged. Applications will be accepted from 15 April to 31 May 2025, with applicants notified within 30 days if they progress to the evaluation stage. Evaluation is expected to take around two months depending on application complexity, after which successful candidates will be informed of admission to the sandbox.

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