5-4 SCBuzz March Issue

March
Highlights
News & Views for Employees
of Securities Commission
Malaysia
Know Your
25 Facts
on SC
SC Annual
Report 2017
Announced
Traditional Art
Performances
Bon Voyage DCE,
Dato’ Ahmad Fairuz
9 th SC-OCIS
Roundtable
The SC Warriors
are back!
Share your stories and feedback, email SCBuzz@seccom.com.my

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bout
us
Know Your
25 Facts
on SC
The first
major
dialogue
with industry
was held in
1996.
The SC’s mission
statement was
formulated during
a staff retreat
at The
Smokehouse
in Fraser’s Hill.
1
17
18
16
Dato’ Seri
Ainum
Mohd Said who
was the first DCE,
also became the
first woman to
hold the post
Attorney General of
Malaysia.
The SC library is
open to the public,
offering a vast
repository of capital
market
resources.
24
SC’s first arrest and
prosecution case was
on Union Paper
Holdings Bhd.
In 1993, there were only
4 divisions i.e. Issues
and Investment;
Market Supervision;
Research and
Development;
and Finance and
Administration.
19
15
25
The first SC address at Jalan
Semantan was 3, Sri Semantan
Satu, Damansara Heights. Our
Bukit Kiara address also starts
with the number 3.
2
The SC has
been awarding
scholarships since
1996.
The word
Malaysia was
added to the SC logo
in 2007 in conjunction
with Malaysia’s 50th
National Day.
There are 22 staff
who have clocked 25
years of service.
Ivan Chan’s winning entry
name of ‘Teratai’
is now the new
name of the cafe.
23
5
3
14
To date, the SC
has had 5
chairmen
helming the
organisation.
The architect of the
SC building is Hijjas
Kasturi of Hijjas
Kasturi Associates.
22
Since 2010, SC has been
collaborating with the Oxford
Centre of Islamic Studies
(OCIS), to organise the
20 SC-OCIS Roundable
annually.
Leong So Seh
designed the SC logo
through a logo design
competition among
the staff.
13
SC’s employees stayed in the
office overnight to monitor
Y2K rollover while ushering
in the new year
together.
8
4 6
The SC’s first office
premises was located
at Jalan Semantan,
Damansara Heights.
In 2016, the ‘Pens
Down’ Day was rolled
out to bring teams
closer together.
SC Buzz, the SC’s
newsletter was
7
9
21
In 2001, the SC
won the ASEAN
Energy Award
for Energy
Efficient
Buildings.
12
once called
Buletin.
In 1995, the KSRSS
was formed to
organise staff
social and sports
activities and
events.
Our building made history as
Malaysia’s first fully ductless airconditioned
office, and showcases
a design using modern and traditional
Malaysian elements.
10
The SC became the sole regulator
for fund-raising activities when
the Securities Commission Act
2000 (Amendment) came into
effect.
In 1996, the first Shariah
Advisory Council (SAC)
was formed to lead the
development of the
Malaysian Islamic
capital market.
11
The SC has been
recognised as ‘Best
Regulator for Islamic
Funds’ by Terrapin Ptd. Ltd.
SC Buzz (March 2018) • 1
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out
us
The biggest
loss as I leave
is leaving the
people of the SC.
The organisation
is here because
of each and
every one of you.
Bon Voyage DCE,
Dato’ Ahmad Fairuz
A
cosy hi-tea gathering was set up at the Teratai
Cafe, to bid farewell to DCE, Dato’ Ahmad
Fairuz Zainol Abidin on 23 March. The hall
was beautifully decorated with a hand drawn doodle
masterpiece of DCE and his favourite activities. A
heartfelt message from Dato’ Fairuz brought everyone
back to reflect on his six years of service with the SC.
Chairman in his speech said, “The DCE position is a
difficult one – it requires a person who is measured
and balanced with the right temperament and has the
insights from all aspects, and Dato’ Fairuz has been
that and a good friend to me.”
To Dato’ Fairuz, it was a pleasure having you at the SC
and we will truly miss you!
Note: Dato’ Fairuz has been appointed a
Judicial Commissioner.
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out
us
The SC Warriors
Are Back!
By KSRSS
Every Wednesday evening at 6pm, one may not
miss the sight of SC-ians sweating away at the
National Science Centre car park. With the success
of the first edition of SC Warrior Fit Camp, SC Warrior
Fit Camp 2.0 returns.
Fit Camp 2.0 commenced on 17 January with 17
sessions scheduled to end in May. The Fit Camp is a
group exercise class that mixes body weight exercises
with interval training and strength training.
During these sessions, participants are required to run
sprints, push ups, various forms of plyometric and
interval training. Sounds like a lot of hard work, but as
the saying goes – no pain no gain.
Coach Azmir Zed’s training has yielded results as
participants notice weight loss, increase of stamina as
well as fitness level. The Fit Camp sessions successfully
create a supportive and motivational fitness
community among the SC-ians!
Program ini bagus dan sesuai bagi saya yang
tidak berkesempatan atau kurang melakukan
aktiviti senaman kecergasan. Melalui program
ini jurulatih berpengalaman menunjuk ajar cara
melakukan senaman kecergasan yang betul
dan berkesan. Matlamat saya cuma untuk
mengekalkan kecergasan dan kesihatan melalui
aktiviti seumpama ini. Perlu peruntukkan masa
1 jam setiap petang Rabu yang kadang-kadang
terlepas untuk mengikuti program ini merupakan
satu cabaran utama.
Rozlan Yusof,
Internal Audit
The entire experience has been an absolute pleasure!
From the training regime to the support system and
the motivation provided. It has been a wholesome
experience. I can safely say if someone is interested, this is
one of the best and most effective fit camp programmes
out there. My personal target was to reduce my body
weight to an ideal weight based on BMI. Astonishingly, I
lost more than 10kg within a span of six months! As for
challenges, at first, the workout sessions were not easy,
but it improved gradually with the drop in body weight
and increase in fitness level which were some of the more
powerful motivations / boosts.
Chelvakumar Thrujanam,
Prosecution and Civil Enforcement
Having never been very athletic all
my life, signing up for Fit Camp 2.0
was probably one of the scariest 2018
decisions I have ever made – and the
fear only intensified during my first
lesson. Nevertheless, the guidance
and support throughout the course
have transformed the intense fear
into a passionate drive to improve
both physical and mental endurance.
Because if they can do it, why can’t I?
Nikita Razali,
Intermediary & Fund Supervision
I’ve increased my fitness level and really enjoyed the
workout with my colleagues. I am a sportswoman
and have been involved in the MOF Games. It is a
challenge for me to maintain my stamina at this age
and all time. I prefer to workout with my colleagues
rather than alone because they help me to discipline
myself. I would prefer that the session is held twice
instead of once a week. The fee is reasonable. I think
this programme should be continuously organised by
KSRSS. Stay healthy and stay fit!
Umi Kalsom Abdullah,
Authorisation & Licensing
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SC Buzz (March 2018) • 3
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eople
rofiles
Traditional art performances
A Journey of Discovery
By Karl Rafiq Nadzarin,
Prosecution and Civil Enforcement
Malaysia, as a nation and an
idea, has been plural and diverse
from her birth. The arrival of
different communities brought
many performing art traditions
to us - Wayang Kulit, Mak
Yong, Teochew Puppetry, Indian
classical dance, tarian Ngajat
Iban, tarian Sumazau, Mah Meri
Jo’oh dance, etc.
Tell us your involvement or interest in
these traditional art forms
I have been a volunteer with Pusaka, a nonprofit
organisation/NGO that promotes traditional
performance art in Malaysia, since 2012. My work
covers a number of areas - photographer, event
facilitator/moderator and assisting in field work where
we engage with traditional art practitioners around
the country.
A discovery of cultural heritage
In this journey with them, I felt compelled to seek my
origins, identity and cultural heritage – to discover
what it means to be a mixed-race Malaysian; to be
human.
This led me to a performance of the ‘Wayang Kulit
Siam’ (or ‘Wayang Kulit Kelantan’) which tells localised
versions of stories from India’s Ramayana with music
influenced by Chinese bronze instruments, and
imbued with a Malay sensibility and understanding
of God and the spirit. All this is manifested through
the ‘Dalang’ (the puppet master) telling the story in
the Kelantanese dialect and surrendering the show
to God’s ultimate will as he reminds us that we are
so very small in the scheme of things. That single
performance with all its diversity was in a way, a
parable about the coming together of our nation. This
shows that we as a nation have embraced difference
for so long - why stop now?
Binding us together, as Malaysians
A challenge I faced with the NGO was how to
convince Malaysians that traditional art is still
relevant? It should be viewed in the context of
nation building – the celebration of different cultures
inherent in Malaysian traditional art can be a binding
force that brings Malaysians together.
There is a great sense of curiosity nowadays about the
roots of our identities and our place in the modern
world, both culturally and nationally. Traditional art
provides a valuable insight into our own histories
– could we return to the days of openness and
understanding of those who are unlike us? It gives me
hope that we’ve seen a growing demand for these
traditional performances from the young as seen from
their high attendance at performances.
Preservation of the art - a family lineage
Knowledge of these traditions is usually passed down
through the family lineage. A ‘guru’ and ‘anak murid’
relationship, where the discipline of the traditional
art form is taught alongside an education involving
philosophy, spirituality and history. Much of the
imparted wisdom would be as useful to mastering
the art as it is to learning how to live. The ‘guru’ is an
elder relative, regarded with the utmost respect in a
community and keeper of traditions and custodian of
stories.
Appreciating these traditional art forms
Reading about traditional performances or just seeing
recordings of them is simply inadequate. The full
and authentic experience could be life-changing.
The ‘Wayang Kulit’, ‘Kuda Kepang’, ‘Mak Yong’ and
others are enchanting, mysterious, and beautiful. Even
without an understanding of its intellectual dimensions,
the viewer is easily captivated and taken away,
often into an otherworldly atmosphere. Traditional
performance as a community activity may or may not
survive the test of time but what a waste it would be
if the important lessons it offers vanish with it.
From this journey, I have learnt that we must awaken
ourselves from our historical slumber to rediscover
our stories – both the personal and shared – so that
we may realise where we come from and figure out
where we should all be going. The story of Malaysia
is not only in our history books. It is also in the songs,
dances, and dramas of our people. May they continue
to sing and may the rest of us continue to listen.
To find out more on the next traditional
performances, check out the Pusaka facebook page
and Seni Pusaka website senipusaka.com.
About these traditional art forms
• The ‘Mak Yong’ is an ancient Malay dancedrama
which combines acting, music
and dancing with courtly gestures and
elaborate costumes. It was once performed
for the Kelantanese Royalty until the
1920s for both entertainment and ritual
purposes and is now recognised as a
masterpiece of world heritage by UNESCO.
• ‘Kuda kepang’ is a ritual dance brought
by the Javanese who migrated to Malaysia
with a significant community in Johor.
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ompany
SC Annual
Report 2017
Announced
Exceptionally Strong Year for
Fund Raising with Close to
RM147 Billion Raised
2017
Annual Report
At the same time, the Audit
Oversight Board (AOB) also
released its Annual Report 2017.
During the year, the AOB took
steps to reduce the risk of future
audit failures by requiring specific
remedial measures to be taken by
individual auditors and audit firms
and referring more severe cases
for enforcement. The AOB also
assessed the implementation of the
Enhanced Auditors’ Report through
thematic reviews and a joint study
with professional bodies.
Click here • AOB Annual Report 2017 •
The Malaysian capital market grew 12.6% to
RM3.2 trillion in 2017 with total capital raised
amounting to RM146.6 billion, as announced
during the release of SC Annual Report 2017.
The announcement started early with Chairman who
was accompanied by the Executive Team to brief the
senior media editors, followed by a media conference,
and later during the day with the industry.
In his announcement, Chairman said, “The capital
market has recorded strong growth across all segments
and continues to play a major role in capital formation
and the financing of the Malaysian economy, while at
the same time offering a wide range of opportunities
for investors as reflected by a high level ofparticipation.
We will continue to ensure a facilitative ecosystem
and regulatory architecture to promote trust and
confidence in the market,”
Moving Forward in 2018, the SC will focus on:
• Pursuing measures to enhance the vibrancy of the equity market;
• Liberalising requirements for retail participation in the bond and sukuk;
market
• Accelerating development of a Shariah-compliant SRI ecosystem;
• Continuing efforts in facilitating innovation and implementing the SC’s
digital markets strategy;
• Implementing corporate governance strategic priorities to strengthen the
CG ecosystem;
• Continuing efforts to strengthen market resilience on cyber risk;
• Reviewing governance arrangements in areas of compensation and
financial reporting, firms processes and controls in areas of trading
oversight, sales practices and product design; and
• Introducing enhancements to the IPO framework to promote efficiencies in
equity fundraising.
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Click here • Photos • • Media Release • • SC Annual Report 2017 •
SC Buzz (March 2018) • 5
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ompany
Pameran Inisiatif dan
Perjalanan 25 tahun SC
Hari Terbuka MOF 2018
Bertemakan `Makmur Bersama’, Hari Terbuka
Kementerian Kewangan telah diadakan pada 22
Mac lalu dan dirasmikan oleh Menteri Kewangan
II, Datuk Seri Johari Abdul Ghani. SC menyertai acara
tahunan ini dan menampilkan inisiatif BijakLabur
bersama agensi-agensi lain iaitu, PPA, SIDC dan
SIDREC. Sempena sambutan Ulang Tahun SC yang
ke-25, kami memaparkan di gerai SC susur masa
“Perjalanan SC sepanjang 25 tahun” tahun 1993.
Pelbagai acara telah diatur untuk para pengunjung
seperti pameran, ceramah, sembang santai dan
cabutan bertuah.
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ompany
9 th SC-OCIS
ROUNDTABLE
Enhancing the Value of Islamic
Capital Market through Social and
Impact Investment
By Hasfa Reny, Islamic Capital Market Development
2018 marks the 9 th year for the
SC-Oxford Centre for Islamic Studies
(OCIS) Roundtable, held 24-25 March
2018 in Kuala Lumpur.
This year’s theme “Enhancing the Value of Islamic
Capital Market through Social and Impact
Investment” is in line with the SC’s key priorities
to develop a Sustainable and Responsible Investment
ecosystem for the Malaysian capital market, which
leverages the country’s leading position in steering ICM.
Graced by HRH Sultan Nazrin Muizzuddin Shah,
Sultan of Perak Darul Ridzuan and the Royal Patron
for Malaysia’s Islamic Finance Initiative who delivered
a special keynote address, the Roundtable proceeded
with enthusiastic discussion among selected group of 60
local and international delegates.
The discussion of the
Roundtable focused on:
• Role and opportunity of
the Islamic capital market
in leading the agenda,
integrating all its main
constituents including Shariah;
and
• Technical support in terms
of public policy, legal and
regulatory architecture,
investor protection, market
education, listing and trading
and product innovation.
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SC Buzz (March 2018) • 7