SC Guidance Note on Provision of Investment Advice – Cautionary Note

Laws & Regulations

01
Apr 2021

10:00 am - 11:30 am

SIDC LAMS

Speakers : Roshan Kanesan (Moderator) | Devanesan Evanson | Linnet Lee

5 CPE

MYR 350 *Fee is not inclusive of 6% SST

SC Guidance Note on Provision of Investment Advice – Cautionary Note

The proliferation of individuals providing recommendations on investments or investment products on social media platforms, chat rooms and messaging applications in recent months, may have been contributed by covid-19 restrictions. This development has caused great concern as many individuals, either ignorantly or purposely, when offering these recommendations may cross the fine line where their conduct falls under the definition of carrying out `investment advice’ which is a regulated activity and requires them to be licensed.

In view of this, clarification is necessary in dealing with unlicensed investment activities as investors could be defrauded or exploited as part of a market manipulation scheme. The public had also been reminded to verify the licensing status of the platforms they are investing in, the authenticity of the companies and individuals offering capital market services or products before making any investment decision.

The Securities Commission Malaysia (SC) in its response, has issued Guidance Note on Provision of Investment Advice that provides the clarity as to the activities or conduct which is likely to be considered as a regulated activity of investment advice under the Capital Market and Services Act 2007 (CMSA).

Programme Objective

The programme is designed to provide cautionary emphasis and clarifications to industry players in relations to activities that constitutes as investment advice. Discussions at the programme will also include the severity of the offence under the CMSA 2007 for carrying such activities without license.

Mode

Live Webinar

Target Audience

Individual 

Financial Advisors, Financial Planners, Marketing Representatives, Lawyers, Corporate Consultants, Capital Markets Services Representative’s License Holders, Professionals undertaking corporate advisory work

Institutions 

Financial Advisor Companies, Legal Firms, Consultancy Firms, Fund Management Companies, Stockbroking Firms, Investment Banks

Learning Outcomes

Upon completion of the programme, participants will be able to:

  • Explain the grounds and rationale of SC Guidance Note on Provision of Investment Advice
  • Describe example activities that are considered as investment advice under the guidance note and CMSA 2007
  • Outline the offences and enforcement under CMSA 2007 and its implications upon carrying such activities without license
  • Discuss how investors rights are protected in relations to enforcement framework and activities

10.00 am – 11.30 am SC Guidance Note on Provision of Investment Advice – Cautionary Note

  • How it came about and what it constitutes?
  • Clarification and examples on what constitutes investment advice
  • Offences and enforcement under the CMSA 2007 and its implications
  • Investors’ protection: Safeguarding of investor’s rights and enforcement framework

About the Speaker

Roshan Kanesan (Moderator)

Producer and Radio Broadcaster

Devanesan Evanson

CEO, Minority Shareholders Watch Group (MSWG)

Linnet Lee

CEO, Financial Planning Association of Malaysia (FPAM)

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*The SIDC reserves the right to amend the programme as deemed appropriate without prior notice

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