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SC in talks with government to review fee structure to address annual deficits

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Publish date: Mon, 25 Mar 2024, 04:16 PM

KUALA LUMPUR (March 25): The Securities Commission Malaysia (SC) running into a deficit in 2023 has pushed the regulator into questioning its financial sustainability and engaging the government towards a potential review of its fee structure to beef up its revenue.

SC chairman Datuk Seri Dr Awang Adek Hussin said talks are still in preliminary stages but noted that it is crucial towards addressing the commission’s financially unsustainable state. 

“We just had a meeting with the Ministry of Finance [MOF] hardly a week ago. The conclusion for that meeting was that ‘okay, they [MOF] are receptive, they don’t mind but we have to engage our players’,” Awang Adek told the press on Monday. 

Epsom College in Malaysia ("Epsom") is proud to announce that it has been awarded the esteemed double Beacon status from the Council of British International Schools ("COBIS") in recognition of its excellence providing the highest standards of 'Student Welfare' and 'Leadership in the School' globally. Out of COBIS' 450 members, Epsom is the first and only school in Malaysia, of only 6 schools worldwide, to be awarded the double Beacon Status, highlighting its commitment to excellence in education, innovation in teaching practices, and dedication to fostering a nurturing and stimulating learning environment for its students.

“So we’re starting, not only [with] Bursa Malaysia, we have to start talking to the industry as a whole, see where we can land on this in an amicable way,” he added. 

 

https://www.theedgemarkets.com/node/705798

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