Regulatory Alerts2024-08-19
Guidelines on Compliance Function for Fund Management Companies
The Securities Commission Malaysia issued these revised guidelines to establish comprehensive compliance requirements for fund management companies operating in Malaysia. 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 obligations regarding risk management, outsourcing, disclosure of interests, and additional requirements for digital investment management services to safeguard investor interests.
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