Page 158 - Malaysia 2016
P. 158
2016

SC is a self-funding statutory body with mission is to build lifelong and meaningful
investigative and enforcement powers. relationships with our customers to ensure
It reports to the Minister of Finance and they continue to access a better life by
its accounts are tabled in Parliament providing the means for savings and
annually. The SC’s many regulatory investments by the general public with
functions include supervising exchanges, a comprehensive range of banking
clearing houses and central depositories; services, romoting and mobilising savings,
registering authority for prospectuses particularly from small savers, inculcating
of corporations other than unlisted the habit of thrift and savings and utilising
recreational clubs; approving authority the funds of the Bank for investment
for corporate bond issues; regulating including financing of economic
all matters relating to securities and development of the nation.
derivatives contracts; regulating the  
take-over and mergers of companies; Bank Simpanan Nasional (BSN)
regulating all matters relating to unit Wisma BSN, No 117, Jalan Ampang,
trust schemes; licensing and supervising 50450 Kuala Lumpur
all licensed persons; encouraging self- Tel: 03-2162 3222 | Fax: 03-2613 1888
regulation; and ensuring proper conduct Website: www.mybsn.com.my
of market institutions and licensed persons.
Underpinning all these functions is the Labuan Financial Services Authority
SC’s ultimate responsibility of protecting (Labuan FSA)
the investor. Apart from discharging its
regulatory functions, the SC is also obliged Labuan FSA, formerly known as the
by statute to encourage and promote Labuan Offshore Financial Services
the development of the securities and Authority (FSA) was established on
derivatives markets in Malaysia. February 15, 1996 under the Labuan
Financial Services Authority Act
Securities Commission (SC) 1996, Labuan FSA is a statutory body
No. 3, Persiaran Bukit Kiara, Bukit Kiara, responsible for the development and
50490 Kuala Lumpur administration of International Business
Tel: 03-6204 8777 | Fax: 603-6201 5078 and Financial Centre (Labuan IBFC) ,
Website: www.sc.com.my In the government’s vision of making
Labuan as a center of progressive
Bursa Malaysia Berhad (BMB) financial and market integration for
the Asia-Pacific region, the activities
BMB provides fully integrated exchange undertaken by Labuan FSA are guided
by offering related services to fully by the objectives to promote and
exchange, including trading, clearing, develop Labuan as an international
settlement and depository. BMB also center for business and financial services;
provides information service related to to develop the objectives, policies and
securities and derivative markets. priorities for growth and the orderly
administration of the international
Bursa Malaysia Berhad (BMB) business and financial services in Labuan;
Exchange Square, Bukit Kewangan, and to act as the regulatory authorities,
50200 Kuala Lumpur supervision and enforcement of the
Tel: 03-2074 3000 | Fax: 03-2732 5258 industrial center of international business
Website: www.bursamalaysia.com and financial services in Labuan.

Bank Simpanan Nasional (BSN) Labuan Financial Services Authority (Labuan
FSA)
When BSN was officially established on Level 17, Menara Pejabat Utama,
1st December 1974, the Bank Simpanan Ujana Kewangan, Jalan Merdeka,
Nasional Act, 1974, enabled the transfer 87000 Labuan
of the management power from the Tel: 087-591 200 | Fax: 087-453 442
Postal Services Department to the bank’s Website: www.labuanibfc.com
Board of Directors. With that, BSN was
officially launched on 5th December by
YAB Tun Haji Abdul Razak Bin Hussein, the
Second Prime Minister of Malaysia. The
   153   154   155   156   157   158   159   160   161   162   163