The Guidelines on Conduct for Capital Market Intermediaries (“Conduct Guidelines”) was issued by the Securities Commission Malaysia on 31 December 2021.
The Conduct Guidelines:
• apply to:
− a holder of Capital Markets Services Licence;
− a registered person;
− a person registered under section 76A of the Capital Markets and Services Act 2007 to provide capital market services, (collectively “CMI”); and
− its representatives, in the direct employment of, or acting for, or in arrangement with, a CMI, who carries on for that CMI any capital market related service, whether or not remunerated, and whether his remuneration, if any, is by way of salary, wages, commission or otherwise;
• sets out the minimum standards of conduct that must be adhered to by a CMI and its representatives and these standards shall not be excluded or modified by the CMI through any provision, clause or term contained in any agreement, contract or document provided to its clients; and
• comes into effect on 1 April 2022.
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