News Formal

SC announces further relief measures for capital market licensed entities

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The measures will complement the wider relief efforts under the Economic Stimulus Package 2020.

The Securities Commission Malaysia has announced further relief measures, which will immediately benefit 231 licensed entities, 30 registered audit firms and 9,663 licensed individuals.

The new relief measures include a waiver of the SC’s annual licensing fees for 2020 on the core regulated activity of all Capital Markets Services Licence entities with profit before tax of RM5 million or less during financial year 2019, as well as a waiver of the annual licensing fees for the year 2020 for all individual CMSL holders and Capital Markets Services Representative’s Licence holders.

The SC also announced the reduction of the minimum Continuing Professional Education requirements to 10 CPE points from the current 20 CPE points, effective July 1, 2020, for a period of 12 months for all CMSRL holders and Employees of Registered Persons . Furthermore, it announced a one-off training subsidy for existing registered firms of the Audit Oversight Board with less than 10 audit partners, up to RM30,000 per firm for Approved Training Programmes conducted by the Malaysian Institute of Certified Public Accountants .

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 20. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Covid-19: Life insurance companies offer policyholders extra relief measuresKUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) and its member companies are taking proactive steps in providing additional relief measures for policyholders affected by the economic slowdown due to the Covid-19 pandemic.
Källa: NST_Online - 🏆 17. / 53 Läs mer »

Authorities implement crowd control measures at Air Itam marketNSTnation: AirItam market had been marked as one of several hotspots facing overcrowding issues since the start of the MovementControlOrder (MCO). coronavirus covid19 StayHome DudukRumah JustStayAtHome Better Close the Market Read news thoroughly before commenting... efforts have been done to deal with old type markets. Organise your trips out to buy food supplies and obey the StayAtHome as much as possible. We can all get through this 🙏 Close it down!
Källa: NST_Online - 🏆 17. / 53 Läs mer »