Under the Capital Markets and Services Act 2007 (CMSA), An appropriate license is required for anyone wishing to carry out capital market activities (unless a registered person). The Securities Commission Malaysia (SC) is the sole licensing authority that licenses capital market intermediaries engaged in regular activities.

Under the CMSA single licensing regime, capital market intermediaries provided that they are fit and proper is issued with only one license that will enable them to carry on one or more regulated activity.

The SC is entrusted with the responsibility of ensuring an efficient and transparent licensing process and that the licensed intermediaries and its representatives are competent and professional in providing their services. Certified as an ISO 9001:2000 department, the SC’s Licensing Department undertakes the assessment of license applications under it’s preview which is conducted within the time frame stipulated in accordance with its ISO performance standards.