The platform, called Impakrintas, is designed to broaden access and market participation in social impact financing, and is expected to become operational on February 19.
It will provide a structured and transparent avenue for non-profit organisations to raise donations for eligible social projects while allowing donors to have greater visibility into the utilisation of funds and the impact of the projects, Securities Commission Malaysia (SC) says in a statement on February 13.
According to Mohammad Faiz Azmi, chairman of the SC, the move is “a key step towards establishing a market-based, transparent and well-governed platform for non-profit organisations”.
“With the social exchange, we are institutionalising trust in social finance,” he says.
The regulator will closely assess development and viability of the platform, participation, and overall market readiness before deciding whether to appoint more operators.
