24 November 2021
An exposure draft on Code of Conduct for Malaysia Wholesale Financial Markets was issued by Bank Negara Malaysia (“BNM”) on 9 November 2021, seeking public feedback by 6 December 2021.
BNM has taken into account the preliminary feedback from selected market participants via the ACI-Financial Markets Association of Malaysia (“FMAM”) and benchmarked against global best practices in this exposure draft. The proposed enhanced requirements are:
• intended to address the key gaps and global development on market conduct matters.; and
• to be observed by market participants (as defined in the Financial Services Act 2013 and Islamic Financial Services Act 2013, respectively) to uphold integrity and principles of fair market practices, which is essential to support confidence, ensure an orderly functioning of the wholesale financial markets and preserving financial stability.
Contact Us For Further Information Regarding Financial Services Matters.
For further information, please contact:
Anand Raj, Head of Tax and Revenue Practice Group,
Shearn Delamore & Co
