Regulatory Alerts2017-05-09
Summary of Amendments to the Guidelines on Compliance Function for Fund Management Companies
The Securities Commission Malaysia revised the Guidelines on Compliance Function for Fund Management Companies on 9 May 2017 to enhance regulatory clarity and oversight. Key changes include renaming Chapter 11 to focus on managing conflicts of interest, introducing a new Chapter 13 for digital investment management companies, and defining the role of the compliance officer. The amendments also strengthen Board accountability, align terminology with the Licensing Handbook, and incorporate specific requirements for cyber risk management and algorithmic oversight.
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