Malaysia Securities Commission initiates aFINity Innovation Lab for Alternative Trading System
31 January 2018
On 21 December 2017, the Securities Commission Malaysia (“SC”) announced that parties interested in establishing and operating an Alternative Trading System (“ATS”) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab, known as aFINity (“Lab”). The Lab allows the SC to discuss and provide feedback to innovative business ideas and concepts, and to explore proof of concept solutions designed to meet specific industry needs. Feedback provided to the SC during the regulatory sandbox sessions at the Lab will be taken into consideration in formulating the SC’s regulatory framework for ATS.
The Lab commenced on 2 January 2018 and will run until 30 March 2018.