“Positivity and a positive mindset are crucial factors to pull ourselves out of the crisis. The present crisis gives us a chance to come out of it with our right side up and that we must do. Now is the time to do the right things towards long-term stability,” said SEC Chairman Faizal Salieh in the entity’s annual report (2023) released yesterday.

To foster a robust capital market ecosystem, in 2023, the SEC introduced a comprehensive Capital Market Reforms Agenda for the period 2023-2025, comprising of 12 key initiatives aimed at promoting growth, innovation and sustainability in the securities market.

The regulator identified institutional capacity building as a key priority for 2023, in order to enhance its overall efficiency and effectiveness and specifically fulfil its regulatory role and responsibilities under the new and expanded SEC Act.