Regulatory Principles

We are guided by the following regulatory principles which are aimed at achieving our regulatory goals and ensuring a consistent and cohesive approach to our actions and decisions. These principles are also embedded in the rules and regulatory framework of Bursa Malaysia. The regulatory principles will ensure greater parity of regulatory actions across the different segments of parties regulated and overall greater effectiveness in Regulation.

The principles are as follows:-

1. Clear and easily accessible rules and requirements
   
   
2. No more regulation than necessary
   Balance competing needs of regulation and business efficacy
   Ensure costs and burden of regulatory compliance are proportionate to the benefits
   
   
3. Principles-based approach where appropriate
   Move towards a principles-based approach to regulation, where appropriate but issue guidance where necessary
   
   
4. Outcome focused
   Target outcomes through our regulatory actions or decisions rather than mere compliance with rules
   Use discretion to modify or waive the rules, where the spirit of the rules can still be achieved, where the business can be facilitated without harming other stakeholders or where the burden of complying far outweighs the benefits
   Always be guided by our regulatory objectives and the current regulatory concern
   Consider the impact of our regulatory actions or decisions before and after taking each action or decision
   
   
5. Innovative and competitive
   Facilitate innovation, for example, by avoiding unreasonable restrictions on regulatees
   Maintain the competitive position of Bursa Malaysia as an integrated exchange
   
   
6. Risk-based approach
   Emphasise on risk-based supervision rather than "one-size fits all" regulation
   Facilitate early detection of problems, issues and trends, enabling prompt pre-emptive actions
   
   
7. Values-based approach
   Enforce the rules without fear or favour
   Act professionally with integrity and fairness
   Exercise our powers and discretion consistently whilst also considering the particular facts of each case and different points of view
   Act swiftly, in a proactive manner
   
   
8. Transparency
   Make our regulatory approaches and processes more transparent
   Communicate clearly and effectively about what we do
   
   
9. Benchmarked and globally collaborative
   Observe and benchmark to international standards and best practices
   Create and maintain close co-ordination among both domestic and foreign regulators
   
   
10. Consultative approach
    Adopt a consultative approach and actively seek feedback from industry participants, other stakeholders and the public
    Interact and leverage on relationships with stakeholders