Online Payments: Securities Commission Malaysia Introduces Electronic Payment Hub

The Securities Commission Malaysia (SC) recently announced a new electronic payment hub, also known as e-PATH, which provides a more seamless and secure way “for market participants and the public to make online payments to the SC.”

e-Path is reportedly “part of the SC’s digital transformation initiatives and enables an easier online payment process for various regulatory and registration fees related to most submissions made to the SC.”

These include fees “for, among others, applications for initial public offerings, transfers of listing, as well as take-overs and mergers.”

e-Path, which will officially “launch on 1 May 2023, will help enhance the overall user experience through faster and more efficient processing of payments, integration with a range of payment methods, including credit and debit cards, online banking, and access to real-time tracking of payment status.”

To access e-PATH and for more information, check here.

In another update, it was noted that the Ministry of Higher Education (MOHE) and the Securities Commission Malaysia (SC) inked a Memorandum of Understanding (MoU) “to jointly develop the Capital Market Graduate Program (CMGP).”

CMGP aims “to improve the knowledge and employability of 9,000 public and private university graduates, particularly for the capital market industry, over three years.”

It is also “funded through an allocation of RM30 million by the Capital Market Development Fund (CMDF), a fund managed by the capital market industry.”

The MoU was “signed by the SC Chairman, Dato’ Seri Dr. Awang Adek Hussin and the Deputy Director General of Higher Education, who is also serving the duties of Director General of Higher Education, Mr. Ahmad Rizal Adnan, and was witnessed by the Minister of Higher Education, YB Dato’ Seri Mohamed Khaled Nordin.”

The CMGP, which is “expected to be launched by Prime Minister, YAB Dato’ Seri Anwar Ibrahim in the near future, is spearheaded by the SC in collaboration with MOHE, the Ministry of Finance, Bursa Malaysia and senior representatives of the capital market industry.”

The program, which is “expected to address the shortage of skilled manpower in the capital market industry will help produce graduates who are more prepared to be employed in the capital market.”

This will “reduce the deficit of skilled talent in the capital market and simultaneously improve graduate employability.”

Among the scopes of cooperation outlined in the MoU are:

  • Increase awareness among graduates of the multi-disciplinary career opportunities in the Malaysian capital market industry;
  • Build basic capacity among graduates in fields related to the Malaysian capital market
  • Promote CMGP through lectures and career fairs to create a steady stream of graduate talent for the Malaysian capital market;
  • Collaborate with senior representatives of Bursa Malaysia and the capital market industry, as well as Vice Chancellors from major local universities, with full commitment to implementing the core and main activities of the CMGP; and
  • Identify qualified graduates to participate in structured programmes managed by the Securities Industry Development Corporation (SIDC) and the CMGP Leadership Development and Job Placement Programme

Sponsored Links by DQ Promote



Send this to a friend