Lost money in a dispute with a capital market provider and unhappy with how it views your claim? Then, head to SIDREC for an informed third-party view and outcome. By Elaine Boey
Those of you who have been reluctant to invest in an approved investment product or service offered by a licensed capital market intermediary might take comfort in knowing that there is a body looking out for your interests.
The Securities Industry Dispute Resolution Center, or SIDREC, which started operations in 2011, provides investors an avenue to air their grievances against a capital market provider. They receive an independent view, an outcome to their dispute and, perhaps, even a cash settlement.
SIDREC was established by Securities Commissions Malaysia under the Capital Markets and Services (Dispute Resolution) Regulations 2010 to provide an alternative dispute resolution (ADR) avenue for the investing public to resolve their investment disputes involving monetary claims with licensed and registered capital market service providers (CMSPs).
Investing online is a convenient way of accessing investing options with fewer processes compared to other traditional means. While it is easier to carry out
Although litigation is by far the go-to method of dispute resolution, there exists a legislative push for settlements, as recorded in the Rules of Court
Securities Industry Dispute Resolution Center (201001025669)
Level 25, Menara Takaful Malaysia
No. 4, Jalan Sultan Sulaiman
50000 Kuala Lumpur
T: +60-3-2276 6969
E: info@sidrec.com.my
