Malaysia

The main legislative statute governing securities, derivatives, and capital markets in Malaysia is the Capital Markets and Services Act 2007 (CMSA), which was established on September 28, 2007, in order to unify the previous statutes. The statute is still in effect until September 2026 due to its effective implementation by the Securities Commission Malaysia (SC). It is also supplemented by the Capital Markets and Services Order 2025, which was promulgated on January 1, 2026, and aims to modernize the regulation of trust companies, expand the scope of exempted transactions, and enable foreign currency debentures. It is the supreme statute for granting CMSL licenses and punishing market misconduct, including insider trading.