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Majlis Keselamatan Negara (MKN) had issued and/or updated a series of standard operating procedures (SOPs), including the SOP for the capital market, to minimise the risk of spreading the Covid-19 virus for the duration of the Movement Control Order (MCO) that took effect on 13 January 2021. The SOP for capital market participants (CMPs) follows an announcement by the Securities Commission Malaysia (SC) on 13 January 2021 that capital market entities supervised, licensed or registered by the SC shall operate in accordance with the applicable SOP issued by the authorities during the Emergency Ordinance and various forms of MCO.
As essential service providers under the services sector, CMPs can continue to undertake and provide capital market activities and services. CMPs who may require verification letter(s) to facilitate travel movements for their employees or third party service providers for critical functions can email their requests or queries to ApprovalLettersCOVID19@seccom.com.my.
All CMPs are reminded to adhere to the applicable SOPs, be vigilant and take all necessary measures to minimise the risk of the spread of COVID-19 at their workplace. This includes observing that 30% of management staff are allowed at premises and suspending sales and marketing activities outside CMPs’ premises or in public places for areas under MCO.
They may also refer to the Guidance for SOP on Health and Safety Measures against Covid-19 Pandemic for CMP (Guidance) issued by the SC, which outlines health and safety measures to curb the spread of COVID-19. The said Guidance and SOP for the capital market released by the SC and MKN respectively can be downloaded from https://www.sc.com.my/covid-19, and all SOPs released by MKN can be found at MKN Telegram and website. Queries relating to SOP for the capital market can be directed to COVID19Guidance@seccom.com.my.
Separately, the SC had issued an update of the Guidance Note on the Conduct of General Meetings for Listed Issuers. In the Guidance Note, SC reminded listed issuers to only conduct fully virtual meetings in areas under MCO and CMCO. Hybrid or physical meetings may be conducted in areas under RMCO or areas not subjected to any movement restrictions.
The updated Guidance Note and the form to apply for a time-limited travel exemption to conduct fully virtual general meetings can be downloaded from https://www.sc.com.my/regulation/corporate-governance and queries can be directed to AGM@seccom.com.my.
While the SC’s office remains open throughout the MCO, its walk-in complaints service has been suspended for the time being. Members of the public can continue to email their enquiries or complaints to the SC at aduan@seccom.com.my. Alternatively, the public can contact SC’s Aduan hotline at +603 6204 8999 (9am - 5pm Monday to Friday). General public enquiries can be emailed to cau@seccom.com.my.
Capital market announcements related to Covid-19 and the MCO will be updated from time to time at a dedicated section called Covid-19 at https://www.sc.com.my/covid19.
