| TERM OF REFERENCE | |
|---|---|
| Status |
The Securities Market Consultative Panel (SMCP) is an advisory body to the Group.
|
| Membership |
Classification
|
| 1 Chief Executive Officer / Chief Operating Officer of Bursa Malaysia (Chairman of the SMCP) | |
| 1 member representing Securities Commission (SC) | |
| 1 member representing Minister of Finance (MOF) | |
| 1 member representing Bank Negara Malaysia (BNM) | |
| 1 member representing Broker - Local | |
| 1 member representing Broker - Foreign | |
| 1 member representing Institutional Investor - Local | |
| 1 member representing Institutional Investor - Foreign | |
| 1 member representing Investment Bank | |
| 1 member representing Public Listed Company | |
| 1 member representing Academia | |
| Primary Purpose |
The SMCP is responsible for advising on matters relating to the securities
industry that affect the Group.
|
| Responsibilities | Specific responsibilities include:
Advise on proposed changes to policies and rules
Advise on new product and market development initiatives, and other strategic
initiatives
Advise on the construction and establishment of new stock market
indices |
| Authority | The SMCP has a pure advisory role with no decision-making authority. |
| Meetings |
The SMCP shall meet at least once a year.
The Quorum for the SMCP shall be
five (5).
Each member of the SMCP is entitled to one (1) vote in deciding the matters
deliberated in the meeting.
The decision that gained the majority votes shall be the decision of the SMCP. In the event of an equality of votes, the Chairman of the SMCP shall be entitled to a second or casting vote. |
| Communication to the Board |
The minutes of each SMCP meeting shall be tabled to the Board for notation.
The SMCP may from time to time submit to the Board its recommendation on matters relating to the securities industry. |
| Secretariat | The following persons shall be the joint secretaries to the SMCP:-
(i) Company Secretary; and (ii) Person(s) appointed by the Chairman of SMCP from the Group Business Development and/or Exchange, Clearing, Settlement & Depository Business Unit. The joint secretaries shall be responsible for preparation of agenda in consultation with the Chairman, and distribution to all the members the papers to be deliberated at the meeting. |
| Appointment Process | Review and re-appointment by the Board of Directors once in every two (2) years or as and when required to fill casual vacancy. |
| TERM OF REFERENCE | |
|---|---|
| Status |
The Derivatives Market Consultative Panel (DMCP) is an advisory body to the Group.
|
| Membership |
Classification
|
| 1 Chief Executive Officer / Chief Operating Officer of Bursa Malaysia (Chairman of the DMCP) | |
| 1 member representing Securities Commission (SC) | |
| 1 member representing Minister of Finance (MOF) | |
| 1 member representing Bank Negara Malaysia (BNM) | |
| 1 member representing Broker - Local | |
| 1 member representing Broker - Foreign | |
| 1 member representing Equity Futures Investor | |
| 1 member representing Financial Futures Investor | |
| 1 member representing Commodity Futures Investor | |
| 1 member representing Local Derivatives Traders | |
| 1 member representing Academia | |
| Primary Purpose |
The DMCP is responsible for advising on matters relating to the derivatives
industry that affect the Group.
|
| Responsibilities | Specific responsibilities include:
Advise on proposed changes to policies and rules
Advise on new product and market development initiatives, and other strategic
initiatives
Advise on improvement to the state of the derivatives industry including the
futures broking, trading and investing players |
| Authority | The DMCP has a pure advisory role with no decision-making authority. |
| Meetings |
The DMCP shall meet at least once a year.
The Quorum for the DMCP shall be
five (5).
Each member of the DMCP is entitled to one (1) vote in deciding the matters
deliberated in the meeting.
The decision that gained the majority votes shall be the decision of the DMCP. In the event of an equality of votes, the Chairman of the DMCP shall be entitled to a second or casting vote. |
| Communication to the Board |
The minutes of each DMCP meeting shall be tabled to the Board for notation.
The DMCP may from time to time submit to the Board its recommendation on matters relating to the derivatives industry. |
| Secretariat | The following persons shall be the joint secretaries to the DMCP:-
(i) Company Secretary; and (ii) Person(s) appointed by the Chairman of DMCP from the Group Business Development and/or Exchange, Clearing, Settlement & Depository Business Unit. The joint secretaries shall be responsible for preparation of agenda in consultation with the Chairman, and distribution to all the members the papers to be deliberated at the meeting. |
| Appointment Process | Review and re-appointment by the Board of Directors once in every two (2) years or as and when required to fill casual vacancy. |
| TERM OF REFERENCE | |
|---|---|
| Status |
The Islamic Capital Market Consultative Panel (ICMCP) is an advisory body to the Group.
|
| Membership |
Classification
|
| 1 Chief Executive Officer / Chief Operating Officer of Bursa Malaysia (Chairman of the ICMCP) | |
| 1 member representing Securities Commission (SC) | |
| 1 member representing Minister of Finance (MOF) | |
| 1 member representing Bank Negara Malaysia (BNM) | |
| 1 member representing Islamic fixed income industry | |
| 1 member representing International Islamic bank - Local | |
| 2 members representing International Islamic bank - Foreign | |
| 2 members representing Islamic scholars | |
| Primary Purpose |
The ICMCP is responsible for advising on matters relating to Islamic Capital
Market that affect the Group.
|
| Responsibilities | Specific responsibilities include:
Provide objective assessment and advice relating to Islamic Capital
Market
Provide a platform for industry consultation/discussion, and to enable and
encourage continuous input on various issues pertaining to the development and regulation of the
Islamic Capital Market.
Act as a channel in which industry issues pertaining to the Islamic capital
market, whether broad or specific
Advise on proposed changes to policies and rules relating to the Islamic
Capital Market
Advise on new product and market development initiatives, and other strategic
initiatives relating to the Islamic Capital Market
Advise on improvement to the state of the Islamic Capital Market |
| Authority | The ICMCP has a pure advisory role with no decision-making authority. |
| Meetings |
The ICMCP shall meet at least once a year.
The Quorum for the ICMCP shall be
five (5).
Each member of the ICMCP is entitled to one (1) vote in deciding the matters
deliberated in the meeting.
The decision that gained the majority votes shall be the decision of the ICMCP. In the event of an equality of votes, the Chairman of the ICMCP shall be entitled to a second or casting vote. |
| Communication to the Board |
The minutes of each ICMCP meeting shall be tabled to the Board for notation.
The ICMCP may from time to time submit to the Board its recommendation on matters relating to the Islamic Capital Market. |
| Secretariat | The following persons shall be the joint secretaries to the ICMCP:-
(i) Company Secretary; and (ii) Person(s) appointed by the Chairman of ICMCP from the Group Business Development and/or Exchange, Clearing, Settlement & Depository Business Unit. The joint secretaries shall be responsible for preparation of agenda in consultation with the Chairman, and distribution to all the members the papers to be deliberated at the meeting. |
| Appointment Process | Review and re-appointment by the Board of Directors once in every two years or as and when required to fill casual vacancy. |