Stocks And Securities Companies in Malaysia

Stocks and securities companies in Malaysia are required to be licensed by the Securities Commission of Malaysia (SC). The SC is a statutory body that was established in 1993 under the Securities Commission Act 1993. The SC's role is to promote and regulate the securities industry in Malaysia.

There are two types of licenses that a company can apply for: a dealing in securities (D) license and a trading in securities (T) license. A D license allows a company to engage in the business of buying and selling securities on its own account. A T license allows a company to engage in the business of buying and selling securities on behalf of its clients.

To be eligible for a license, a company must have a minimum paid-up capital of RM5 million and a minimum net worth of RM10 million. The company must also have a minimum of two directors, a company secretary, and an auditor.

The SC has a list of requirements that companies must meet in order to be granted a license. These requirements are designed to ensure that companies are well-managed and have the necessary resources to conduct their business activities in a proper and professional manner.

Once a company is granted a license, it must comply with the requirements of the SC, including the