SSM hosts inaugural National Interest Schemes Conference 2017

Kuala Lumpur, 30 March 2017 - The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia (SSM)) today hosted over 200 industry leaders and corporate practitioners at the inaugural SSM National Interest Schemes Conference 2017 at Kuala Lumpur.

The one-day Conference with the themed, ‘SSM National Interest Schemes Conference 2017. Interest Schemes Act 2016: Alternative Financing for Business Growth’, brings together SSM and Interest Schemes industry leaders from all over Malaysia to exchange information and promote better understanding of the Interest Schemes reform under the Interest Schemes Act 2016. The conference will also showcase the new dynamic legal framework and how it facilitates business growth in Malaysia.

“A law that was a small part of the Companies Act 1965 (now repealed), namely Division V, Part 4 of the Companies Act 1965 and applied primarily to protect consumers in golf, recreational clubs and time-share schemes was literally, haphazardly put together and used to regulate intricate investment products” said Dato’ Zahrah Abd Wahab Fenner, Chief Executive Officer of SSM who delivered the opening remarks at the Conference”.

Among the significant changes of the Interest Schemes Act 2017, key provisions under the Act, its regulation and guidelines. Promoting Interest Schemes as an alternative financing for SMEs. Interest schemes leaders need rethinking strategies, new business insights and innovation ideas to promote the industry. Leveraging on interest schemes to promote cross sector collaborations to contribute the growth of Malaysian economy.
 
The National Interest Schemes Conference is organized by the Companies Commission of Malaysia Training Academy and Registration Services Division of SSM.

COMPANIES COMMISSION OF MALAYSIA