On 23 May 2022, the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority released a joint media statement announcing the signing of a new Memorandum of Understanding (MoU) to pave the way for greater regulatory enforcement, and supervisory co-operation between the two regulators.
The MoU covers the development and regulation of capital market activities in Malaysia in order to strengthen their collaboration in areas of mutual interest, including monitoring risks and promoting the stability of the capital market. The MoU will also enhance the provision of technical assistance, capacity building, and exchange of information between the two regulators.
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