On Wednesday, the Securities Commission Malaysia (SC) signed an updated agreement with the International Organization of Securities Commissions (IOSCO) to improve cooperation, share information, and consult on financial matters.
The SC said in a statement that the EMMoU lets members use the latest methods of cross-border support, helping them carry out investigations and enforcement more effectively.
IOSCO’s first Multilateral Memorandum of Understanding (MoU) created a system for sharing information between securities and derivatives regulators in different countries.
This helped them work together on enforcing rules across borders more effectively.
The SC signed the agreement in May 2007 and has actively and successfully worked with other members through the MMoU since then.
In October 2022, the SC signed the IOSCO Asia Pacific Regional Committee’s (APRC) Multilateral Memorandum of Understanding for Supervisory Cooperation, known as the Supervisory MMoU.
The Supervisory MMoU sets up an official system for regional capital market regulators to work together and share information.
The EMMoU gives members more powers, known as “ACFIT.” This includes getting audit papers, making people testify, freezing assets, and accessing internet providers and phone records.
The signing ceremony took place during IOSCO’s Annual Meeting. At the event, the SC, the Capital Markets Authority (CMA) of Kenya, and the Comisión Nacional del Mercado de Valores (CNMV) of Spain joined 27 other IOSCO members who had already signed the EMMoU.
SC Chairman Mohammad Faiz Azmi signed the EMMoU in front of IOSCO members on the final day of the IOSCO Annual Meeting, which took place from May 12-14, 2025, in Doha.
“This EMMoU highlights our strong commitment to keeping the market fair and protecting investors. It also shows our continued support for international cooperation in enforcement efforts,” said Mohammad Faiz Azmi.
“This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,” said Mohammad Faiz.
The IOSCO Annual Meeting is an important event where members discuss key topics related to global securities and futures markets.
It provides a platform for sharing information, coordinating the enforcement of securities rules, and setting common standards to strengthen global financial market regulations.
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