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In July 2000, the SC assumed the function of the
single approval authority for all corporate bond issues. The SC is
responsible for the formulation of policies targeted at developing a vibrant
and efficient bond market. We process applications for the issuance of
private debt securities in Malaysia, which require the SC's prior approval
under section 32 of the Securities Commission Act 1993 (SCA).
However, the SC?s approval is not required if the transaction is exempted
under Schedule 1 of the SCA or if the instrument or transaction is exempted
from the definition of ?debenture" under sub-section 2(1) of the SCA.
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