Bank Negara Malaysia Issues Code Of Conduct For Malaysia Wholesale Financial Markets.

The policy document:
 

• is intended to apply to all market participants who act in the wholesale financial markets, either acting in the capacity as a sell-side or buy-side entity, and across various money market and foreign exchange products;
 

• updates and set outs the principles and standards to be observed by market participants in the wholesale financial markets, that is, money market and foreign exchange market, including over-the-counter derivatives market for interest rates or exchange rates;
 

• also sets out the eligibility requirements for dealers and brokers, the market conduct and internal control requirements to safeguard professionalism and integrity of the wholesale financial markets; and the role of industry associations in preserving market integrity; and
 

• will come into on 31 January 2022 save for paragraphs 8.1 to 8.3 and 28.2 to 28.4 which will take effect on 31 July 2022.
 

Contact Us For Further Information Regarding Financial Services Matters.
 

 

For further information, please contact:

 

Christina S.C. Kow, Partner, Shearn Delamore & Co​

christina@shearndelamore.com