SC issues new guidelines, technical notes on investment advisory

Securities Commission Malaysia chairman Datuk Seri Dr Awang Adek Hussin

Petaling jaya: the securities commission malaysia (sc) has released new guidelines to strengthen the role of investment analyst firms and their analysts as a reliable source of investment information for the public.

The SC also issued a technical note to provide details on the licensing requirements for those providing digital investment advice.

“This is in line with the SC’s agenda to create a digitally inclusive ecosystem for the capital market,” it said in a statement yesterday.

“Both developments support a key thrust of the Capital Market Masterplan 3 to provide investors with better and greater access to quality investment advice and increased diversity to meet their emerging needs through a more digitally inclusive ecosystem.”

SC chairman Datuk Seri Dr Awang Adek Hussin noted that investment advisers play an important role in the capital market by providing valuable insight and information for investors to assess investment opportunities.

“That is why the SC expects them to exercise reasonable care and diligence in providing research-related services.

“The SC is also cognisant of the shift in the investment advisory landscape. The emergence of digital advisory models that combine technology and investment expertise is expected to further strengthen the provision of accessible and quality advice to investors,” he added.

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