Regulatory Alerts2014-04-25
Guidelines on Compliance Function for Fund Management Companies
The Securities Commission Malaysia issued these guidelines to establish compliance requirements for fund management companies under the Capital Markets and Services Act 2007. The document mandates adherence to eleven core principles, including integrity and client asset protection, while assigning specific oversight responsibilities to the Board of Directors and appointed compliance officers. It further details operational standards for risk management, internal audit, outsourcing, conflict of interest disclosure, and client dealing procedures to ensure investor protection and market confidence.
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