Regulatory Approach / Philosophy
Managing Conflicts of Interest
A well regulated market with orderly and efficient clearing and depository services is essential to enable Bursa Malaysia to meet both its corporate and regulatory objectives and to engender confidence in Bursa Malaysia. As both a market regulator and a business-oriented entity, Bursa Malaysia may be faced with situations where its commercial interests may conflict with its regulatory interests (“COI”). Under the law, Bursa Malaysia is obliged to ensure that where Bursa Malaysia’s own or any other interest conflicts with public interest, public interest and in particular the need for investor protection, shall prevail.
The measures we have put in place to address COI are:
- Establishment of the COI guidelines which stipulate the framework and appropriate controls and measures to ensure systematic identification and management of COI in an effective and timely manner
- Review by Audit Committee of Bursa Malaysia on all COI situations
- External oversight by the Securities Commission where the Securities Commission shall take all actions and make all decisions in relation to Bursa Malaysia as a listed issuer which includes monitoring compliance and taking enforcement action involving Bursa Malaysia