The Securities Commission Malaysia issued the Guidelines on Corporate Governance for Capital Market Intermediaries (“Corporate Governance Guidelines”) on 31 December 2021. Save for paragraphs 5.04 – 5.08 which will only come into effect on 1 July 2022, the other provisions of the Corporate Governance Guidelines came into effect on 31 December 2021.
Pursuant to the Corporate Governance Guidelines:
• it only applies to holders of Capital Markets Services Licence which is a company (“CMSL Holder”);
• sets out the requirements which a CMSL Holder must comply to ensure that robust corporate governance structure, as well as policies and practices are in place to safeguard against unethical conduct, mismanagement and fraudulent activities; and
• if the CMSL Holder is subject to more than one governance related requirements, the stricter requirement will apply.
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For further information, please contact:
Christina S.C. Kow, Partner, Shearn Delamore & Co
christina@shearndelamore.com
