Regulatory Alerts2017-05-09
Guidelines on Compliance Function for Fund Management Companies
The Securities Commission Malaysia issued these guidelines to establish compliance requirements for fund management companies operating in Malaysia under the Capital Markets and Services Act 2007. The document mandates that Boards of Directors and Compliance Officers implement robust internal control frameworks, risk management systems, and adherence to eleven core principles to protect investor interests and ensure market integrity. It further specifies detailed obligations regarding conflict of interest management, client asset safeguarding, disclosure of personal interests, and additional requirements for digital investment management services.
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