BFM 89.9
The Business Station
BFM 89.9
The Business Station
Decoding Malaysia's New Social Exchange Guidelines
Decoding Malaysia's New Social Exchange Guidelines
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21 mins
29 mins
Guest: Ong Johnson, Partner and Head of Technology Practice Group, Lo Khai Yi, Partner and Co-Head of Technology Practice Group, Halim Hong & Quek
A safer way to donate to social impact projects?
The Securities Commission of Malaysia has recently issued new guidelines for Social Exchange Platforms, creating a regulated avenue for channeling philanthropic capital to social impact projects. But what exactly are these platforms, and what do the new rules mean for non-profits and donors?
Lawyers Ong Johnson and Lo Khai Yi from Halim Hong & Quek join us to break down this brand-new framework. They explain the stringent requirements for operators, the rules for listed projects (like the 80/20 fund utilisation cap), and the robust accountability mechanisms designed to build donor trust.
We discuss:
What a Social Exchange Platform is and how it differs from ECF or P2P.
The stringent requirements for operators, including a RM5 million capital floor.
The key criteria for projects, including the 80/20 fund utilisation rule.
The new accountability mechanisms, from impact reports to mandatory trust accounts.
How this framework benefits both individual donors and corporate CSR programs.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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