This guidance document:
• came into effect on 31 December 2021;
• is applicable to licensed banks, licensed investment banks, licensed Islamic banks and prescribed development financial institutions. Other types of market participants are encouraged to adopt the guidance where relevant to their participation in wholesale financial markets;
• is intended to provide guidance to market participants on managing conduct risks arising from activities in the wholesale financial markets such as (i) the setting up and operating effective trade and communications surveillance programmes; and (ii) forming a strong conduct control environment.
• supersedes the notification on Managing Unauthorised Trading and Market Manipulation issued on 20 November 2015 (which is not publicly available).
Contact Us For Further Information Regarding Financial Services Matters.
