Regulations needed to ensure growth of companies

The various regulations set under Malaysia's Capital Market Masterplan 2 (CMP2) will ensure the growth of companies in the country.

Securities Commission Malaysia Deputy Chief Executive, Datuk Dr Nik Ramlah Mahmood said the regulations are vital in focusing on growth so that it will add more value as well as quality to the companies.

"The Malaysian corporate sector is still governed through various regulations. An unregulated market is not a good market. There is also value to the regulations but what we want is regulations that are effective.

"We will also be ensuring that the environment is conducive and innovation-friendly for small companies to continue to grow," she said at the MIA International Accountants Conference 2012 organised by the Malaysian Institute of Accountants (MIA), here Tuesday.

Prime Minister Datuk Seri Najib Tun Razak had last year unveiled the CMP2 as a successor to the highly-successful first plan, which has forecast the value of the capital market to swell to RM5.8 trillion in the next 10 years through greater internationalisation from RM2 trillion last year.