Securities Commission Malaysia invites submissions from equity crowdfunding operators

Brand image from the Securities Commission Malaysia's web bage

Operators who are interested in establishing and operating equity crowdfunding (ECF) or Shariah-compliant ECF platform can now submit their application to the Securities Commission Malaysia (SC).

The SC announced yesterday that it is inviting interested parties to send in applications, which it will review.

The SC is still waiting for the Parliament to pass the bill on ECF, which legalises such online platform as a means for startups and small and medium enterprises to obtain capital through small equity investments from relatively large numbers of investors.

Malaysia is the first in the region to have pushed for the legislation of ECF. The SC is hoping to be able to launch the platform some time in the middle of this year.

On February 10 this year, the SC released the revised ‘Guidelines on Regulation of Markets” under Section 34 of the Capital Markets and Services Act 2007, which introduced requirements for the registration of ECF platforms.

The guidelines provide a framework for the regulation of registered ECF Platform, duties and responsibilities of an ECF operator and the type of issuers and investors who can participate in ECF.

The guidelines and the application form are available at the SC website.

Also read:

Malaysia aims to launch ECF by mid-year, no cap on participation

Malaysia’s New ECF : Ambitious & Challenging

Malaysia to be the first to legislate ECF in region

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.