Image for post
Image for post
Photo by energepic.com from Pexels

The Securities Commission of Malaysia has introduced and passed the Guidelines on Submission of Corporate and Market Product Proposals (‘Guidelines’) which detail an enhanced IPO framework. Effective from January 1, 2021, the new mechanism is an attempt to reform the process of submission of an IPO and Reverse Takeover (‘RTO’) application for listing on the Main and ACE (‘Access, Certainty, Efficiency’ formerly known as ‘MESDAQ’) Market. Replacing the Guidelines on Due Diligence Conduct for Corporate Proposals, 2008, the regulations being introduced provide a more liberal regime with healthy oversight and greater shared responsibility among all entities involved.

The new regulatory requirements accompanying the Guidelines are substantially more comprehensive and complex. Below is a brief overview of the key takeaways from the new…

Image for post
Image for post
Photo by Etienne Martin on Unsplash

Over a year in the making, Hong Kong’s Limited Partnership Fund Bill (‘LPF Bill’) provides a new structure for private equity funds in the city. The passage of the LPF Bill is a move by the Hong Kong government to encourage fund managers to domicile their funds in Hong Kong, and establish itself as the new home of private equity funds in Asia. …

Image for post
Image for post

Reputational damage. Absurd fines. Unwanted scrutiny. Suspended licenses.

These are just some of the consequences that await firms in financial services who fail to comply with their regulatory obligations well. So when it comes to managing their regulatory risk, their business LITERALLY depends on it. Naturally, with such high stakes, you would assume that there would be ample investments made to simplify the process. The truth is however, in most cases, managing regulatory risk is a nightmare for compliance teams. Here’s why.

Monster Reason #1: They are already swamped with work

Across most firms, compliance officers are typically expected to function as ‘expert-generalists’ who are tasked with managing the various aspects of their company’s compliance program. This includes advising colleagues on policy or procedural matters, the risks associated with launching new business initiatives or products, developing compliance collateral and delivering training to fellow employees. As you can see, serving as an ‘expert-generalist’ is a full-time job but so is managing regulatory risk. It takes time and effort to stay updated on regulatory developments, to undertake risk assessments and to then implement changes that impact the way the business functions. To expect someone to do this well while managing other risks for the business is a huge ask by anyone’s standards. …



We are the proud creators of MICA, a game-changing digital compliance assistant for compliance teams in financial services.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store