Guidelines on Conduct for Capital Market Intermediaries – Commentary

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The Guidelines on Conduct for Capital Market Intermediaries were issued by the Securities Commission Malaysia on 31 December 2021 and will come into effect on 1 April 2022.

The guidelines apply to holders of a capital markets services licence, registered persons with the Securities Commission Malaysia or persons who are registered under section 76A of the Capital Markets and Services Act 2007 to provide capital market services (collectively CMIs).

They also apply to representatives in the direct employment of, acting for, or in arrangement with, a CMI, and who engage in any capital market-related service with a CMI. Such a relationship is not necessarily remunerated, but if it is, the guidelines apply where the remuneration results in salary, wages, commission or another form of income.

Further, the guidelines set out the minimum standards of conduct that must be adhered to by a CMI and its representatives. These standards shall not be excluded or…

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