The Securities Commission (SC) of Malaysia has conditionally approved Luno’s application as a Recognized Market Operator (Digital Asset Exchange). GBG’s six key predictions for financial services and fraud landscape in... Let’s Talk About Mental Health at The Workplace. Touch ‘n Go was given approval by Bank Negara Malaysia (BNM) in 2018 to operate and offer mobile e-wallet service in the country. Touch ‘n Go eWallet granted Recognised Market Operator status by Securities Commission of Malaysia. Copyright © 2021 Driven Communications Sdn Bhd. The conditional approval by the Securities Commission will enable the company to directly distribute capital market products including money market unit trust funds through the Touch ‘n Go eWallet platform, without having to be directed to third-party applications, it said. Currently, there are three Recognised Market Operators (RMOs) registered by the Securities Commission to operate digital asset exchanges in Malaysia. TNG Digital in Malaysia Is reportedly one of the first digital wallet providers to be approved as a Recognized Market Operator. Touch ‘n Go eWallet receives green light to offer investment products from as low as RM10. *Please note that a financial institution may hold multiple licences. Approved Exchange (AE) or Recognised Market Operator (RMO) Licence. The Touch ‘n Go Group has announced that its subsidiary, Touch ‘n Go Digital (TNGD) ha been granted conditional approval to operate as a recognised market operator (RMO) by the Securities Commission of Malaysia (SC), the company said in a statement. KUALA LUMPUR, Jan 13 -- Touch 'n Go (TNG) Group today announced that its subsidiary, TNG Digital Sdn Bhd, has been granted conditional approval to operate as a recognised market operator (RMO) … On Suruhanjaya Sekuriti Malaysia’s website, the regulator explained that it has registered three recognized market operators (RMOs) to establish and operate cryptocurrency exchanges in Malaysia. Application Form for Registration as a Recognised Market Operator can be found here: Source The conditional approval would allow the company to distribute capital market products directly via the Touch ‘n Go eWallet platform, including money market unit trust funds, without having to be directed to third-party applications. “The RMO status will allow us to bring a string of innovative digital offerings to our users. This makes Luno, the first among the three cryptocurrency exchanges in Malaysia who have submitted the application to … As one of the homegrown cryptocurrency exchanges in Malaysia, MX Global has spent significant time and effort to ensure that your needs and all risk and regulatory requirements are in place. If you are a Luno Malaysia user, you might have seen their latest email update on 18 October 2019 from Marcus Swanepoel, the CEO. Touch ‘n Go Group has announced that TNG Digital Sdn Bhd, which manages Touch ‘n Go eWallet, has been granted conditional approval by the Securities Commission of Malaysia (SC) to operate as a Recognised Market Operator. Notably, this innovative proposition is made possible through TNG’s collaboration with Principal Asset Management (Principal), one of Malaysia’s largest fund management companies. luno malaysia. With the approvals behind us, we will now focus on ensuring the user-experience is best-in-class as we move towards a launch,” Effendy added. January 14, 2021 KUALA LUMPUR: The digital assets platform will now be regulated as a recognised market, which will put it on the same level as equity crowdfunding (ECF) and peer-to-peer financing (P2P). You have entered an incorrect email address! BitcoinMalaysia Event fans cannot wait to start trading again at Luno Malaysia. The Securities Commission (SC) of Malaysia has conditionally approved Luno’s application as a Recognised Market Operator (Digital Asset Exchange).. We regret to inform that our application to be registered as a recognized market operator (RMO) to the Securities Commission Malaysia (SCM) was unsuccessful. In the meantime, the Securities Commission has also issued Public Consultation Paper No. The conditional approval would allow the company to distribute capital market products directly via the Touch 'n Go eWallet platform, including money… It’s a long time coming, but Malaysian crypto exchange Luno Malaysia Sdn Bhd (“Luno”) is a step closer to becoming a Recognised Market Operator.In a blog post, Luno revealed that the Securities Commission (SC) of Malaysia has conditionally approved the company’s application as a Recognised Market Operator (Digital Asset Exchange).. The Securities Commission (SC) of Malaysia has granted Luno full approval to operate as a Recognised Market Operator (Digital Asset Exchange); the first cryptocurrency exchange in the country to receive this approval. We aim to make this an extremely seamless and frictionless offer to Touch ‘n Go eWallet users. “We feel that this offering will add significant value to our large payments and transportation user base and continue our evolution into financial services. Market operators that will not pose system-wide risks (as determined by MAS) will be allowed to serve retail investors. Operators of electronic platforms for digital assets have until 1 March to submit an application to be formally recognised by the Securities Commission as market operators.Malaysia's SC (Securiti. In Local News, Technology / By Mick Chan / 13 January 2021 4:39 pm / 0 comments Following the revision of the SC’s Guidelines on Recognised Markets in May 2019. ... has been granted conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). The RMO status will allow us to bring a string of innovative digital offerings to our users. Touch 'n Go e-wallet granted recognised market operator status by the Securities Commission of Malaysia Friday 15 January 2021 11:13 CET | News The conditional approval by the Securities Commission will enable the company to directly distribute c apital market products including money market unit trust funds through the Touch ‘n Go e-wallet platform, without having to direct … Following the coming into force of the Capital Markets and Services (Prescription of … CONSULTATION PAPER ON REVIEW OF THE RECOGNISED MARKET OPERATORS REGIME 22 MAY 2018 Monetary Authority of Singapore 5 2 Introduction 2.1 Under the current regulatory regime, Singapore-incorporated entities1 operating markets that are systemically-important, or that wish to serve retail investors2, are regulated as AEs. “This truly is a landmark development and an industry first. Aimed at disrupting the status quo, we will be launching a financially inclusive investment product in the first quarter of the year, allowing our users to access basic investment services for as low as RM10,” Effendy Shahul Hamid, Group Chief Executive Officer of TNG Group said. Markets are licensed by MAS as approved exchanges (AEs) or recognised market operators (RMOs) under the Securities and Futures Act. Luno is officially back in Malaysia! TNG, first eWallet to operate as recognised market operator, aims to launch product in 1Q21 TheEdge Wed, Jan 13, 2021 01:07pm - 1 hour ago KUALA LUMPUR (Jan 13): Touch 'n Go (TNG) Group announced that its subsidiary TNG Digital Sdn Bhd (TNGD) is the first eWallet to obtain conditional approval to operate as a recognised market operator (RMO) by the Securities Commission Malaysia (SC). Upon the SC’s confirmation that Luno has satisfied the SC’s conditions, Luno will become one of only three digital asset exchanges to be regulated in Malaysia, allowing investors to buy, sell and store cryptocurrencies. KUALA LUMPUR: TNG Digital Sdn Bhd (TNG), a subsidiary of Touch ‘n Go, can now operate as a recognised market operator, which allows the company to directly distribute capital market products through its e-wallet platform without being directed to third-party applications. In Local News, Technology / By Mick Chan / 13 January 2021 4:39 pm / 0 comments. General Line: +603-6204 8000 If you wish to have a profile photo next to your name, register at Gravatar using the same e-mail address you use to comment. Our teams have been working tirelessly together with regulators and partners to get to this stage. 1.13 A stock market or derivatives market that is located outside Malaysia will be considered as actively targeting Malaysian investors if the operator, or the operator’s representative, promotes directly or indirectly that market in Malaysia. Guidelines for Recognized Market Operators can be found here: Source. You can either post as a guest or have an option to register. The list of AEs and RMOs are listed in the Financial Institutions Directory. List of Digital Asset Exchanges can be found here: Source. If you have an account, please login before commenting. The Touch ‘n Go Group has announced that its subsidiary, Touch ‘n Go Digital (TNGD) ha been granted conditional approval to operate as a recognised market operator (RMO) by the Securities Commission of Malaysia (SC), the company said in a statement. The Securities Commission of Malaysia (SC) has granted conditional approval for Touch ‘n Go (TNG) Group’s subsidiary, TNG Digital Sdn Bhd (TNGD) as a Recognised Market Operator (RMO). 1/2019 Proposed Regulatory Framework for the Issuance of Digital Assets Through Initial Coin Offerings (ICOs). The comprehensive list of documents serves as a reference checklist to other players who intend to operate in Malaysia. We will be launching a financially inclusive investment product in the first quarter of the year, allowing our users to access basic investment services for as low as RM10,” said TNG Group CEO Effendy Shahul Hamid. MAS Grants BondEvalue Recognised Market Operator Licence. The guidelines seek to establish criteria for determining fit and properness of issuers and exchange operators, ... Securities Commission Malaysia guidelines_recognized Market Updated 1.31.19. BondEvalue operates BondbloX Bond Exchange, a blockchain-based exchange that allows for bonds to … Copyright © 2021 Reach Publishing Sdn Bhd, Touch ‘n Go eWallet granted Recognised Market Operator status by SC, REAL Education Group, AskBee and Teach For Malaysia collaborates to #SaveSPM2020, Nam Heong restaurant chain owner sets up social commerce platform to aid busineses affected by Covid-19, Marii Launches Job Portal Specialised For Automotive And Manufacturing Sector, GBG’s six key predictions for financial services and fraud landscape in 2021 and beyond, CPI Malaysia declined by 1.4 percent in December 2020. This win-win partnership combines platform development, technology and data expertise of Touch ‘n Go eWallet and Principal’s expertise in investment strategy and fund management. TOUCH ‘n Go Sdn Bhd (TNG Group) was established in 1996 as Malaysia’s first and only cashless payments solutions focused on providing electronic toll collection services for highways across the country. KUALA LUMPUR (Jan 13): Touch 'n Go (TNG) Group announced that its subsidiary TNG Digital Sdn Bhd (TNGD) is the first eWallet to obtain conditional approval to operate as a recognised market operator (RMO) by the Securities Commission Malaysia (SC). The Securities Commission of Malaysia (SC) has granted conditional approval for Touch ‘n Go (TNG) Group’s subsidiary, TNG Digital Sdn Bhd (TNGD) as a Recognised Market Operator (RMO). We’re incredibly proud to announce that we have just been confirmed as a Recognised Market Operator for cryptocurrency in Malaysia. Touch 'n Go Group's subsidiary TNG Digital Sdn Bhd was today, 13 January, granted conditional approval to operate as a Recognised Market Operator (RMO) by … Therefore, the results count on the licences may be higher than the number of financial institutions returned. KUALA LUMPUR, 25 September 2019 – The Securities Commission Malaysia (SC) today announced that it has registered EdgeProp Sdn Bhd (EdgeProp) as the first Recognised Market Operator to establish and operate a property crowdfunding (PCF) platform in Malaysia. TnG Digital granted recognised market operator status by SC. Among the advantages of registering is once a name has been registered, a guest cannot post using that name. All Rights Reserved. 1999 Ford WT55 3.0cc Cargo 17FT Green Diesel, 1992 Nissan PGF22 2.0cc (M) Cargo 10FT + Canvas Pagar, parking in areas administered by Kuala Lumpur City Hall (DBKL), 2021 Lexus LC 500 Inspiration Series: Aviation for US. Among the functions available through the Touch ‘n Go eWallet are PayDirect, which allows users to link up to three Touch ‘n Go cards to their eWallet app for use on toll highways, in addition to the eWallet’s other functions for retail purchases, bill payment and online shopping. More recently, the Touch ‘n Go eWallet was reinstated as a means of making payment for parking in areas administered by Kuala Lumpur City Hall (DBKL), following a brief period of downtime for upgrading. Upon the SC’s confirmation that Luno has satisfied the SC’s conditions, Luno will become one of three digital asset exchanges to be regulated in Malaysia, allowing investors to buy, sell and store cryptocurrencies. The Securities Commission (SC) of Malaysia has fully approved Luno’s application to operate as the Recognized market operator in the Digital Exchange section. It’s a go! Save my name, email, and website in this browser for the next time I comment. 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