Proposed new commission for startups and venture capital in Malaysia

On 30 September 2018, the Communications and Multimedia Minister, Gobind Singh Deo announced that his ministry is planning to set up a new commission (“Commission”) to develop startups and venture capital industry in Malaysia. Essentially, the Commission aims to streamline efforts in view of developing startups and venture capital in Malaysia.The proposed Commission will be […]

Exposure Draft on Risk Management Technology issued by Bank Negara Malaysia

On 4th September 2018, Bank Negara Malaysia (“BNM”) issued an exposure draft of the Risk Management in Technology policy document which sets out the BNM’s expectations with regard to financial institutions’ technology risk management framework and practices proportionate to the size and complexity of the financial institutions. The policy will apply to all licensed financial […]

Islamic finance as a tool for social justice

On  10 September 2018, a member of our law firm, Izwan Zakaria attended the Islamic Finance News (IFN) Forum in Istanbul Turkey. The event was jointly organised by the Istanbul Islamic Finance Consultancy (IIFC) and Gateway LLP (Gateway) in Istanbul, Turkey. Gateway is an international Islamic consultancy consisting of leading Shariah practitioners which are multi-jurisdictional and […]

Evolution of Blockchain Regulations: The Malaysian Perspectives

On 26 September 2018, the firm’s team attended The Southeast Asia’s International Blockchain or better known as BLOCFEST. The two days’ event was held at  Shangri-La Hotel, Kuala Lumpur. The firm’s founding partner, Siti Zurina Sabarudin was invited to present her experience on recent blockchain regulations titled ‘The Evolution of Blockchain Regulations: The Malaysian Perspectives’. For […]

Private equity and venture capital in Malaysia: Summary of regulatory framework

In recent months, we have received many interests on private equity /venture capital applicants seeking to be registered as a private equity/ venture capital firms in Malaysia. We have prepared a high level summary presentation which aims to provide an overview of the key practical issues including the types of registration provided under the Securities […]

Robo Advisory Licensing Framework in Malaysia and Addressing Key Challenges

This post aims to provide a a general overview on the licensing requirements introduced by the Securities Commission of Malaysia (“SC”) for potential applicants seeking to be licensed as a robo-advisory firms under the the revised Licensing Handbook (“Handbook”) published on 9 May 2017. What is a robo advisory firm? Essentially, a robo advisor is a platform that […]

Most owners confuse Tradenames for Trademarks. Are you one of them?

Imagine this, your accountant just emailed you and tells you that your software company Alpha Go Sdn. Bhd. has been accepted for registration in the Companies Commission of Malaysia (“CCM”). You can finally breath and start your business venture. 8 months down the road,your business is booming, you get a call from a customer, asking […]

Updates on the legality of cryptocurrency in Malaysia & Other Jurisdictions

The Malaysian position On 19 September 2017, the Governor of Bank Negara Malaysia (“BNM”) announced at the Global Symposium on Development Financial Institutions that there will be a a guideline on cryptocurrency to be issued by year end. It appears that the BNM is particularly concerned about the transparency and the players involved in the […]