Regulatory Alerts2026-05-20
Added · Updated
Frequently-Asked Questions on the Guidelines on Recognized Markets
The Securities Commission Malaysia issued these guidelines to clarify the application process for registration as a Recognized Market Operator, including requirements for Form 1, supporting documents, and a RM20,000 application fee. The document specifies that Peer-to-Peer Financing Platform operators must target either Shariah-compliant financing or Mid-tier/Public Listed Companies segments, while Equity Crowdfunding operators are currently restricted to Shariah-compliant fundraising only. Additionally, new and existing operators are mandated to appoint registered Shariah advisers for Islamic products and ensure the appointment of compliance officers by specified deadlines in 2024.
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