Regulatory Alerts2002-10-30
Guidelines on Dealing in Unlisted Debt Securities by Universal Brokers
The Securities Commission of Malaysia issues these guidelines to regulate the primary and secondary market dealings in unlisted debt securities by universal brokers. The document mandates compliance with specific electronic systems like BIDS, FAST, and RENTAS, while permitting proprietary trading and corporate finance activities subject to strict Chinese wall requirements. Universal brokers are required to implement robust risk management frameworks, including board oversight, stress testing, and independent monitoring, alongside best practices for customer confidentiality and suitability assessments.
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