Guidelines on Digital Assets
The revised Guidelines on Digital Assets came into force on 28 October 2020 and regulate:
- the offering of digital tokens by an issuer through an initial exchange offering (IEO) platform;
- persons intending to operate an IEO platform; and
- persons who provide the services of safekeeping, storing, holding or maintaining custody of digital assets for the account of another person (i.e. a digital asset custodian, DAC).
Guidelines on the use of electronic signature for documents submitted to the Securities Commission Malaysia
The Securities Commission Malaysia issued the Guidelines on the use of electronic signature for documents submitted to the Securities Commission Malaysia (the Guidelines) on 23 October 2020.
The Guidelines apply to all documents which are addressed to the Securities Commission Malaysia except for documents relating to an application for a person to be licensed or registered under the Capital Markets Services Act 2007.
Where electronic signatures are used, the minimum procedures as set out in the Guidelines must be complied with. It must be noted that these Guidelines do not make it mandatory for an electronic signature to be used in the documents addressed to the Securities Commission Malaysia.