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Rule · SC · 4 May 2020

Summary of Amendments to the Revised Guidelines on Compliance Function for Fund Management Companies

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disclosure

Issued on 4 May 2020, this document outlines key amendments to the Revised Guidelines on Compliance Function for Fund Management Companies. It details the repositioning of existing requirements from Chapter 8 into Chapter 4 to align with the new Guidelines on Advertising for Capital Market Products and Related Services. Additionally, specific paragraphs in Chapter 8 were disapplied, and consequential amendments were made to Chapter 13 regarding Digital Investment Management Companies.

MalaysiaSecurities Commission Malaysia

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Summary of Amendments on the Revised Guidelines on Compliance Function for Fund Management Companies (Issued: 4 May 2020) The following table provides a summary of key amendments to the Guidelines on Compliance Function for Fund Management Companies which was revised on 4 May 2020:
General amendments

  1. Consequential amendments pursuant to the issuance of Guidelines on Advertising for Capital Market Products and Related Services.
    Amendments to specific paragraphs
    Prior to 4 May 2020 Issued on 4 May 2020 Comments
    Chapter 4 : Key Responsibilities
  • Paragraph 4.02(s) Existing requirement repositioned from Chapter 8, paragraph 8.01
  • Paragraph 4.02(t) Existing requirement repositioned from Chapter 8, paragraph 8.02
  • Paragraph 4.04(t) Existing requirement repositioned from Chapter 8, paragraph 8.04, 8.05 and 8.06
  • Paragraph 4.04(s) Existing requirement repositioned from Chapter 8, paragraph 8.09
    Chapter 8 : Marketing, Advertising and Promotional Materials
  • Paragraph 8.01 Existing requirement repositioned to Chapter 4, paragraph 4.02(s)
  • Paragraph 8.02 Existing requirement repositioned to Chapter 4, paragraph 4.02(t)

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Amendments to specific paragraphs
Prior to 4 May 2020 Issued on 4 May 2020 Comments

  • Paragraph 8.03 Disapplication following issuance of Guidelines on Advertising for Capital Market
    Products and Related Services
  • Paragraph 8.04 Existing requirement repositioned to Chapter 4, paragraph 4.04(t)
  • Paragraph 8.05 Existing requirement repositioned to Chapter 4, paragraph 4.04(t)
  • Paragraph 8.06 Existing requirement repositioned to Chapter 4, paragraph 4.04(t)
  • Paragraph 8.07 Disapplication following issuance of Guidelines on Advertising for Capital Market
    Products and Related Services
  • Paragraph 8.08 Disapplication following issuance of Guidelines on Advertising for Capital Market
    Products and Related Services
  • Paragraph 8.09 Existing requirement repositioned to Chapter 4, paragraph 4.04(s)
    Chapter 13 : Additional Requirements Relating to a Digital Investment Management Company
    Paragraph 13.05 Paragraph 13.05 Consequential amendment due to disapplication of Chapter 8

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Source: Securities Commission Malaysia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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