Bank Negara Malaysia issues exposure draft on code of conduct for wholesale financial markets

29 November 2021

On 9 November 2021, Bank Negara Malaysia (“BNM”) issued an exposure draft to review the Code of Conduct for Malaysia Wholesale Financial Markets, which was initially issued four years ago. The exposure draft sets out the proposed principles and standards to be complied with by market participants in maintaining integrity and principles of fair market practices.

The exposure draft also outlines the administrative, civil and criminal actions that may be undertaken by BNM on misconduct under the Financial Services Act 2013 and the Islamic Financial Services Act 2013.

BNM is inviting the public to submit written feedback on the exposure draft by emailing fmd@bnm.gov.my by 6 December 2021.

The exposure draft and the feedback form are available on the BNM website www.bnm.gov.my.