Prime Minister Datuk Seri Najib Tun Razak exposed what CMP2 means: changes to the regulatory framework for fundraising and product regulation to slash unnecessary red tape and lead to faster turnaround of approvals. The purpose is to open the potential of the market.
At the "Invest Malaysia 2011" conference, Najib stated that there is a plan to increase the number of Proprietary Day Traders by almost threefold to enable more dealer representatives to become specialised traders.
Present at the conference were: Tun Mohamed Dzaiddin Haji Abdullah, chairman of Bursa Malaysia, Tnn Sri Dr Zeti Akhtar Aziz, Bank Negara Malaysia Governor, Tan Sri Zarinah Anwar, chairman of Securities Commission, Tan Sri Megat Zaharuddin Megat Mohd Nor, chairman of Maybank Goup, Datuk Tajuddin Atan, the new chief executive officer of Bursa Malaysia and Datuk Seri Abdul Wahid Omar, the chief executive officer of Maybank Group.
Malaysia's capital market crossed the RM2 trillion threshold for the first time ever as at end-2010.
In releasing the SC's Annual Report 2010, chairman Tan Sri Zarinah Anwar noted that the capital market had achieved an annual compounded growth rate of 11% from RM717bil in 2000 due to rapid industry expansion and strong regulatory oversight that underpinned investor confidence in the Malaysian capital market.