Summary

The exposure draft sets out proposed principles and standards to be observed by market participants in upholding integrity and principles of fair market practices, which is essential to support confidence, ensure an orderly functioning of the wholesale financial markets and preserve financial stability.

Following the initial issuance of the Code of Conduct for Malaysia Wholesale Financial Markets 4 years ago, these enhancements are the outcome of continuous review of the document following feedbacks from the industry and are timely to address the key gaps and global development on market conduct matters.

The Bank invites written comments on the proposals in this exposure draft, including suggestions for particular issues or areas to be clarified or elaborated further and any alternative proposals that the Bank should consider. To facilitate the Bank’s assessment, please clearly indicate which paragraph of this exposure draft each comment is related to and support each comment with clear rationale and accompanying evidence or illustration, where appropriate.