Capital Market Director Programme (CMDP):
Licensed intermediary institutions play an important systemic role in the capital market ecosystem. The growth or decline of the capital market is influenced by, among others, the success and failure of these institutions. Hence, the quality of leadership at these institutions is paramount. Kiel et al., 2012 suggest four levels of competence required of a board. They are as follows:
Industry: Experience in and knowledge of the industry in which the organisation operates
Technical: Technical/professional skills and specialist knowledge to assist with ongoing aspects of the board’s role
Governance: The essential governance knowledge and understanding all directors should possess or develop if they are to be effective board members
Behavioural: The attributes and competencies enabling individual board members to use their knowledge and skills to function well as team members and to interact with key stakeholders
The Capital Market Director Programme (CMD) is an exclusive platform for directors and other strategic personalities of licensed intermediary institutions to equip themselves with new and relevant knowledge, skills and abilities (basic to intermediate level). The programme is also designed to allow them to explore and deliberate on pertinent issues affecting the industry from multi-stakeholders’ perspectives.
The specific objectives of the programme are as follows:
- Equip members of the board with knowledge and skills to provide leadership and oversight in the running of licensed intermediary institutions;
- Assist directors of licensed intermediary institutions in becoming an effective member of the board through the latest developments in regulations and challenges, business and governance in the capital market; and
- Promote a thorough understanding of the role of the Securities Commission in regulating a dynamic and competitive capital market.
This programme will also “strengthen intermediation standards and capabilities” as espoused by the Capital Market Masterplan 2 (CMP2).
Securities Commission Malaysia (2011) Capital Market Masterplan 2. Securities Commission, Kuala Lumpur.
Module 4: Emerging and Current Regulatory Issues In The Capital Market
At the end of the module, participants will be able to:
- Understand and articulate the emerging issues potentially affecting the business of licensed intermediaries;
- Identify and understand the red flags of potential misconducts; and
- Exercise judgement appropriately in ensuring (i) proper conduct of licensed intermediaries and (ii) effective dealings with the regulator – the Securities Commission Malaysia.
*SIDC CPE points are recognised by FIMM, AICB and MIA
Newly appointed directors and directors of CMSL holders
OUTLINE MODULE 4 – EMERGING AND CURRENT REGULATORY ISSUES IN THE CAPITAL MARKET
|Recognise The Emerging Issues Potentially Affecting The Business Of Licensed Intermediaries:
|Understand the role of the Securities Commission Malaysia as primary stakeholder in ensuring proper conduct through sound appreciation of:
|End of Programme
Chin Wei Min
Mr. Chin Wei Min has close to 30 years of experience in financial services industry, particularly in business strategy formulation, large scale transformation as well as complex technology implementation program.
Wei Min recently retired as an Executive Director at the Securities Commission (SC) Malaysia, overseeing the Digital Strategy and Innovation division, where he played a pivotal role in shaping and implementing the industry digital agenda at the SC.
SC is one of the first countries in ASEAN to introduce the regulatory framework to facilitate Equity Crowdfunding (ECF), P2P Financing, and Digital Investment Management (or more commonly known as Robo-Advisor). The SC also introduced a regulatory framework on digital asset which included fund raising through IEO, secondary trading through Digital Asset Exchanges (DAX) as well as crypto custodial services framework through Digital Asset Custodians (DAC). During his time at the SC, Wei Min was also the Chair of various industry committees, including Broker Industry Digitisation Group (BRIDGe), Fund Management Digitisation Group (FMDG), Cyber Risk Working Group (CRWG) and Malaysia Co-Investment Fund (MyCIF).
Wei Min was formerly the Asia Pacific Managing Director for the Capital Market industry at Accenture, a global leading management consulting, technology services and outsourcing firm. As a member of regional management team, he provided the management oversight to various country capital market practices in APAC, where he would define the overall industry agenda, champion key business services offerings and drive key sales initiatives to meet corporate objectives.
Securities Commission Malaysia
Anthony has been in charge of the supervision of fund management intermediaries in the Malaysian Capital Market for the last 6 years. He also oversees REITs and a few broking and derivatives intermediaries.
Prior to joining the SC he has 16 years of experience in the banking and stock broking industries, specialising in internal audit and risk management. His last appointment prior to joining the SC was as the Head of Investment Bank audit in a commercial bank.
An accountant by training, Anthony is a Chartered Accountant registered with the Malaysian Institute of Accountants and is a member of the Chartered Institute of Management Accountants (UK), Chartered Global Management Accountant and CPA Australia.