Regulatory Alerts2024-03-28
Frequently Asked Questions on Revised Guidelines on Conduct for Capital Market Intermediaries
The Securities Commission Malaysia issued revised Guidelines on Conduct for Capital Market Intermediaries to enhance corporate culture and client outcomes through new provisions on vulnerable clients, personal advice, and online platforms. The document clarifies that general conduct requirements apply alongside stricter specific guidelines and mandates that intermediaries establish robust controls, policies, and procedures to ensure compliance. It further details expectations regarding honesty, fairness, and the duty of care, while distinguishing between factual information and personal advice to ensure appropriate suitability assessments and documentation.
Share