To enhance efficiency, the new Guidelines will implement a one-time registration instead of the current product-based registration which requires trustees to renew registration periodically. The SC will also enhance the supervision of trustees to ensure that they continue to remain fit and proper when carrying out their obligations and responsibilities.
The new registration framework is consistent with the SC’s efforts to realign its regulatory approach in order to enhance the capital market ecosystem. It also seeks to ensure that capital market services providers prioritise investors’ interest in all their decision-making processes. In addition, the framework places greater emphasis on board and management’s responsibilities by holding them accountable for the conduct of the registered entities and their representatives.
The new Guidelines for Registration and Conduct of Capital Market Services Providers can be found at /legislation-guidelines/licensing-registered-persons/
SECURITIES COMMISSION MALAYSIA