Regulatory Alerts2021-12-21
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 ensure adherence to eleven core principles, including integrity and client asset protection, while appointing independent compliance officers with direct reporting lines. It further details specific obligations regarding internal controls, risk management, outsourcing, disclosure of interests, and additional requirements for digital investment management services.
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