Securities Commission Malaysia Launches New E-Payment Platform e-PATH

The Securities Commission Malaysia (SC) announced the launch of e-PATH, a new electronic payment platform to provide market participants and the public with a more secure and seamless way to make payments online.

Applications to the Commission often involve the payment of various regulatory and registration fees, such as applications for initial public offerings, listed transfers, and acquisitions and mergers. As part of SC Malaysia's digital transformation initiatives, e-Path will provide a more convenient way to pay these fees online.

e-Path, which will be officially launched on May 1, 2023, will integrate various payment methods such as credit cards, debit cards and online banking to enable various functions including real-time tracking the status of payments, processing payment requests faster and more efficiently, and enhancing the user experience.

Last week, the Malaysian SC also introduced new regulations allowing dealer representatives (DRs) to expand their scope and role to conduct activities beyond securities trading. The new regulation has come into effect on the 14th of this month.