Securities Commission Malaysia Issues Guiding Principles On Business Continuity.

Legal News & Analysis - Asia Pacific - Malaysia - Regulatory & Compliance

5 June, 2019

 

The Securities Commission Malaysia ("SCM") issued the Guiding Principles on Business Continuity ("Guide") which took effect on 14 May 2019. The Guide applies to all entities regulated by the SCM (via licensing, authorisation, approval or registration as required under securities law) save for:

 

a. financial institutions which are registered persons under Part 1 of Schedule 4 to the Capital Markets and Services Act 2007;

 

b. entities registered under the SCM’s Guidelines on the "Registration of Venture Capital and Private Equity Corporations and Management Corporations"; and

 

c. Pengurusan Danaharta Nasional Berhad and its subsidiaries. 

 

The Guide is intended to be a guidance on the SCM’s expectations on the business continuity as well as a platform to increase awareness on the importance of having an effective business continuity arrangement.
 
The Guide sets out six principles (which are not prescriptive) as minimum standards that a capital market entity is encouraged to adopt, taking into account the nature, size and complexity of its business operations.

 

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For further information, please contact:

 

Putri Noor Shariza Noordin, Partner, Shearn Delamore & Co​

shariza@shearndelamore.com