Regulatory Alerts2020-04-17
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Summary of Amendments to the Guidelines on the Registration of Credit Rating Agencies
The Securities Commission Malaysia issued revised Guidelines on the Registration of Credit Rating Agencies on 16 April 2020 to strengthen anti-corruption measures in the capital market. The amendments require credit rating agencies to implement detailed policies and procedures on anti-corruption and whistleblowing, replacing previous standalone whistleblower requirements. Additional changes include updating regulatory contact details, substituting the term 'fine' with 'penalty' for breaches, and incorporating guidance on exemption applications.
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