Malaysia | Amendment to the Guidelines on Recognised Market

The Guidelines on Recognised Market (“GRM”) issued by the Securities Commission Malaysia was revised with effect from 6 January 2021.

The categories of persons which are permitted to be hosted on a peer-to-peer financing (“P2P”) platform have been expanded to include any other type of entity as may be permitted by the Securities Commission Malaysia. Prior to 6 January 2021, the categories of permitted issuers were limited only to locally registered sole proprietorships, partnerships, incorporated limited liability partnerships, private and unlisted public companies.