Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
January 4, 2021An increasing number of social media, chat room and messaging applications are providing stock recommendations or investment advice to the public for a fee.
January 3, 2021The new online licensing platform marks an important milestone in the modernisation of the SFC's gatekeeping function, said chief executive Ashley Alder.
December 21, 2020ComplianceAsia advises firms on licensing matters, provides training for compliance staff, and helps clients enhance governance, internal controls, and risk management.
December 16, 2020Among the changes, the SFC proposes tougher requirements for advisers on Takeovers Code transactions, to address concerns about the poor quality of work in this area.
December 14, 2020The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
November 24, 2020The ‘Disclosure Guide’ will help advisors comply with the changes to disclosure requirements under the new financial advice regime which comes into force on 15 March 2021.
November 10, 2020All financial advice providers will have to meet the standard conditions to obtain a full licence when the new advice regime takes effect on 15 March 2021.
November 9, 2020The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
November 3, 2020The MoU covers case referrals, joint inspections and investigations, and sharing of information pertaining to products and relevant entities or key persons.
September 29, 2020