Regulatory Alerts2018-12-17
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 that Boards of Directors maintain effective internal control frameworks, appoint qualified compliance officers, and adhere to eleven core principles including integrity, client asset protection, and conflict of interest management. It further specifies operational obligations regarding risk management, outsourcing, disclosure of interests, and specific provisions for digital investment management services.
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