The Malaysia Securities Commission published its Annual Report 2024, reporting that Malaysia’s capital market reached an all-time high of RM4.2 trillion in 2024 and fund management assets under management rose to RM1.1 trillion, alongside stronger fundraising and trading activity. The report also signals that the SC is drafting a new five-year capital market masterplan, with stated focus areas including improving financial security for retirees and promoting sustainable financing. Fundraising via the equity and corporate bond market grew 8.7% to RM138.9 billion, including a record 55 initial public offerings raising RM7.42 billion; bond and sukuk issuances raised RM124.2 billion, with sustainability-related issuances increasing to RM13.3 billion. The Islamic capital market grew 8.5% to RM2.6 trillion, while alternative financing for micro, small and medium enterprises raised RM4.1 billion through peer-to-peer financing, equity crowdfunding and venture capital/private equity. Market development measures highlighted include the Single Family Office Incentive Scheme in Forest City, the National Sustainability Reporting Framework, a five-year roadmap to improve MSME and mid-tier company access to capital markets, and process changes to shorten IPO time-to-market, including the Focus Scope Assessment framework. On supervision and enforcement, the SC reported one criminal conviction, RM9.87 million in civil penalties, and 125 administrative sanctions with fines and penalties totalling RM13.72 million, alongside expanded scam and unlicensed-activity interventions; the Audit Oversight Board reported three enforcement actions with RM275,000 in monetary penalties, and the Capital Market Stability Review 2024 noted no observed systemic stability concerns while flagging cyber resilience as a thematic focus. Looking ahead to 2025, priorities include ASEAN Capital Markets Forum initiatives under the SC’s chairmanship, developing Capital Market Masterplan 4, and work to reinforce Islamic finance leadership through Maqasid al-Shariah indicators starting with the equity market. The SC also highlighted upcoming assessments, including the Financial Action Task Force mutual evaluation and Corporate Governance Watch (expected in 4Q 2025 with publication in 2026), and a fees review targeted for completion in 2025.
Malaysia Securities Commission 2025-03-20
Malaysia Securities Commission annual report records RM4.2 trillion capital market and sets out work on a new five-year masterplan
The Malaysia Securities Commission's Annual Report 2024 highlights a record RM4.2 trillion capital market and RM1.1 trillion in fund management assets, with growth in fundraising and trading. The SC is drafting a new five-year capital market masterplan focusing on retirees' financial security and sustainable financing, alongside initiatives to enhance MSME access and improve IPO processes. Priorities include ASEAN Capital Markets Forum initiatives, developing Capital Market Masterplan 4, and reinforcing Islamic finance leadership through Maqasid al-Shariah indicators.