The Securities Commission Malaysia (SC) has on Wednesday signed the International Organization of Securities Commissions’ (IOSCO) enhanced multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU).

SC said in a statement that the EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase effectiveness of investigation and enforcement.

IOSCO’s first Multilateral Memorandum of Understanding (MMoU) established a framework for international information-sharing among securities and derivatives regulators to facilitate cross-border enforcement.

The SC became a signatory in May 2007 and has since actively and successfully collaborated with other signatories under the MMoU framework.

In addition, SC signed the IOSCO Asia Pacific Regional Committee’s (APRC) Multilateral Memorandum of Understanding for Supervisory Cooperation (Supervisory MMoU) in October 2022.

The Supervisory MMoU establishes a formal framework for regional supervisory cooperation among capital market regulators.

The EMMoU has expanded powers abbreviated as “ACFIT” which includes the ability to obtain (A) audit papers, (C) compel attendance for testimony, (F) freeze assets, and obtain (I) internet service provider and (T) telephone records.

The signing ceremony was held in conjunction with IOSCO’s Annual Meeting, where the SC, the Capital Markets Authority (CMA), Kenya and Comisión Nacional del Mercado de Valores (CNMV), Spain joined the 27 IOSCO members who are already signatories of the EMMoU.

SC Chairman Mohammad Faiz Azmi signed the EMMoU in the presence of IOSCO members during the last day of the IOSCO Annual Meeting, which ran from 12-14 May 2025 in Doha.

“This EMMoU significantly underscores our commitment towards maintaining market integrity and safeguarding investor interests. It also demonstrates our unwavering support on international enforcement cooperation,

“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 a key forum where members discuss important issues related to global securities and futures markets.

It serves as a platform for sharing information, coordinating enforcement of securities regulation, and implementing common standards, ultimately aiming to strengthen the global regulatory framework for financial markets.

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