Bursa Malaysia’s regulatory activities are independent of its commercial activities so as to limit potential or perceived conflict of interest. For this purpose, Bursa Malaysia has established Regulatory Committees to make significant regulatory decisions. The compositions of these Regulatory Committees comprise majority of external industry experts in addition to independent directors and public interest directors of Bursa Malaysia. The tenure is for a period of one year and the appointment is recommended by the Nomination & Remuneration Committee and approved by the Board of Bursa Malaysia.
The Regulatory Committees are governed by a term of reference as set out in the Governance Model. This model is subject to review from time to time to mirror the changing business and regulatory environment. Such changes are notified to the Securities Commission pursuant to the Guidance on the Regulatory Role of Bursa Malaysia.
The Regulatory Committees are as follows:-
- Listing Committee – deciding on cases relating to the Bursa Malaysia Listing Requirements
- Market Participants Committee – deciding on cases and making decisions relating to Bursa Malaysia Rules
- Compensation Committee – deciding on claims made against compensation funds
- Appeals Committee (comprising of members who are not involved in any of the Regulatory Committees above) - deciding on appeals from decisions of the Regulatory Committees with the exception of decisions made by the Compensation Committee in relation to claims made under the compensation funds for Bursa Securities and Bursa Derivatives