Regulatory Alerts2022-11-28
Guidelines on Compliance Function for Fund Management Companies
The Securities Commission Malaysia issued these guidelines to establish mandatory compliance frameworks for fund management companies operating in Malaysia. The document mandates that Boards of Directors ensure adherence to eleven core principles, including integrity and client asset protection, while appointing independent compliance officers with direct reporting lines. It further requires robust internal controls, risk management systems, business continuity plans, and specific disclosures regarding conflicts of interest and digital investment services.
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