The Securities Commission (SC) Malaysia recently issued the Guidelines on Market Conduct and Business Practices for Investment Analysts and their Analysts and some amendments to the Guidelines on Digital Assets. This article summarises the key points.

Guidelines on market conduct and business practices

The Guidelines on Market Conduct and Business Practices for Investment Analysts and their Analysts:

  • are applicable to holders of a capital markets services licence or a capital market services representative licence for the regulated activity of investment advice, either as a sole regulated activity or in addition to other regulated activities. These licence holders should issue or promulgate analyses or reports concerning securities or derivatives, whether electronically, in print or any other form; and
  • seek to outline the core principles and minimum standards to be observed to maintain fair, efficient and transparent markets by ensuring the objectivity, quality and transparency of research and recommendations.

Revision to guidelines on digital assets

The SC has made some housekeeping amendments throughout the Guidelines on Digital Assets. The amendments to these guidelines came into effect on 19 December 2022.

One of its key changes is the definition set out in limb (a) of "senior management", which now excludes a director.

For further information on this topic please contact Pamela Kung at Shearn Delamore & Co by telephone (+60 3 2027 2911) or email ([email protected]). The Shearn Delamore & Co website can be accessed at www.shearndelamore.com.