Regulatory Alerts2020-05-04
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 ensure adherence to eleven core principles, including integrity and client asset protection, while appointing qualified compliance officers to oversee internal controls and regulatory reporting. It further details specific responsibilities regarding risk management, business continuity, outsourcing, and the handling of conflicts of interest to safeguard investor interests and maintain market confidence.
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