MALAYSIA: The Securities Commission Malaysia (SC) has released the updated Guidelines on Conduct for Capital Market Intermediaries to elevate standards of professionalism and integrity of capital market intermediaries (CMIs) in the industry.
These revised guidelines focus on the importance of the board and senior management of CMIs in building a corporate culture that prioritizes the interests of clients.
Additionally, the guidelines provide clear expectations from the SC regarding the duty of CMIs to act honestly, fairly and to refrain from misleading and deceiving clients in any situation.