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Compliance and Regulatory Requirements in Malaysia

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As an organization operating in Malaysia, it’s essential to be aware of the key takeaways related to compliance and regulatory requirements. Bank Negara emphasizes the importance of conducting thorough risk assessments, monitoring trading activities, and preventing market abuse.

Key Takeaways for Compliance

Risk Assessment

• Conduct a thorough risk assessment to identify potential misconduct risks within an organization.
• Develop a robust risk management framework to mitigate identified risks.

Trade Surveillance

• Monitor dealers’ trading activities to detect patterns that warrant further scrutiny.
• Implement trade surveillance software to automate monitoring and detection processes.

Communications Surveillance

• Monitor verbal and written communications between employees, clients, or counterparties.
• Develop policies and procedures to prevent the disclosure of confidential information.

Gifts and Entertainment

• Establish robust policies and procedures for identifying and declaring gifts received or given by employees.
• Maintain a central register for ease of tracking and monitoring.

Material Non-Public Information (MNPI)

• Implement suitable systems to handle MNPI, including wall-crossings, insider lists, and restricted list management.
• Automate processes using software solutions to streamline MNPI handling.

Personal Account Dealing

• Prevent employees from engaging in proprietary trading based on inside information.
• Establish pre-clearance processes for requests to trade.

Conflicts of Interest

• Maintain a ‘Conflicts of Interest Register’ to identify potential conflicts within business activities.
• Regularly review the register to ensure mitigating actions are taken.

Solutions for Compliance Management

MyComplianceOffice (MCO) offers solutions that can help organizations in Malaysia streamline their compliance management processes, including:

Trade Surveillance Software

Automates the monitoring of dealers’ trading activities.

Material Non-Public Information and Inside Information Module

Documents receipt of inside information, wall crossings, and approval processes. Automates insider list generation and restricted list management.

Personal Account Dealing Module

Automates pre-clearance and post-trade review processes to monitor personal trading activity.

Know Your Risk Module

Facilitates regular reviews of business unit conflicts.

By implementing these solutions, organizations in Malaysia can ensure compliance with regulatory requirements, mitigate risk, and maintain a strong compliance culture.