The new guidelines are aimed at addressing issues with product governance guidelines to promote responsible innovation and strengthen investor protection.
The Securities Commission Malaysia (SC) has introduced the Guidelines on Product Governance (PGG), aimed at strengthening investor protection as well as encouraging responsible product development and distribution in the country’s capital market. The PGG adopts a principle-based approach, allowing firms to implement their product governance framework that best suits their business model This initiative is part of the SC’s market and regulatory reforms towards enhancing indu