THE Malaysian Association of Asset Managers (MAAM), other Malaysian licensed fund managers and the Securities Commission (SC) recently met to review suggestions and comments on the possibility of upgrading existing industry practices, regulations and guidelines in the local fund management industry to prevent or lessen the chances of breaches of securities laws.
MAAM said in a statement that the Aug 21 meeting followed a report that the SC was investigating Oasis Asset Management Sdn Bhd and its directors for possible violation of securities laws.