Understanding Malaysia’s Regulatory Landscape for Finfluencers

Products & Services

07
May 2025

9:00 am - 5:30 pm

Securities Commission Malaysia

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The last day to register is 4 May 2025, or earlier if all seats are fully booked. The listed price is applicable to Malaysian participants only. If you are a non-Malaysian, kindly contact us at sales@sidc.com.my for further information.
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MYR 1,620.00 (Price excluding 8% SST)

Understanding Malaysia's Regulatory Landscape for Finfluencers

What's the Programme About?

Financial influencers or Finfluencers are everywhere these days, sharing tips on saving, investing, and growing your money on platforms like TikTok, Instagram, and YouTube. They’re changing the way everyday people learn about finance—but not without raising a few eyebrows.

As more people turn to Finfluencers for advice, questions around accuracy, trust, and legality are also growing. Are they giving proper investment advice? Are there rules they need to follow? And how can investors tell the difference between a helpful tip and a risky recommendation?

This one-day programme dives into the world of Finfluencing to help you understand:

  • How Finfluencers make money and what drives their content
  • What counts as “investment advice” under the law
  • The do’s and don’ts for anyone sharing financial content online
  • Key rules and guidelines from regulators (in simple terms!)
  • Real-life case studies—what went wrong, what worked, and why it matters

Whether you’re a content creator, work in marketing, represent a company/brand collaborating with Finfluencers, or are simply curious about the digital finance space—this session will equip you with the insight, clarity, and confidence to navigate it ethically and responsibly.

Did you know that engaging in unlicensed regulated activities is an offence which is punishable under the Capital Markets and Services Act 2007 (CMSA). Any ­person found guilty may be liable to a fine not exceeding RM10mil or imprisonment not exceeding 10 years or both.

Why should you attend the programme?

This programme is designed to help you understand what Finfluencers can and can’t do—covering their responsibilities, the rules around giving investment advice, how capital market products can be advertised, and the expected conduct for those in the industry.

Mode

Physical

Who should attend this programme?

Individual

Finfluencers, Board of Directors, Senior Management Team, Financial Advisors, Financial Planners, Marketing Representatives, Lawyers, Corporate Consultants, Capital Markets Services Representative’s License Holders, Professionals undertaking corporate advisory work

Institutions 

Financial Advisory Companies, Legal Firms, Consultancy Firms, Fund Management Companies, Stockbroking Firms and Investment Banks

What will you learn from this programme?

By the end of this programme, participants will be able to:

  1. Recognise the evolving role of Finfluencers in shaping investor behaviour and financial decision-making.
  2. Explain the regulatory framework governing Finfluencers, including the responsibilities of both content creators and capital market intermediaries.
  3. Describe the regulatory requirements and expectations related to the provision of investment advice.
  4. Outline the rules on advertising capital market products and services in digital and social media contexts.
  5. Explain the conduct standards expected of capital market intermediaries when engaging with Finfluencers.
  6. Discuss best practices for Finfluencers to promote investor protection and ensure compliance with regulatory guidelines.

Competencies

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  • Foundational (Regulatory) – Capital Market Institutions (Proficiency Level 3)
  • Functional (Technical) – Client Advisory (Investment) (Proficiency Level 3)
  • Core – Ethics and Integrity – (Proficiency Level 3)
Time Session
9:00 AM The Rise of Finfluencers – Opportunities, Risks and Realities

  • Who are Finfluencers? Understanding their role in the modern financial ecosystem
  • How Finfluencers shape retail investor decisions and market behaviour
  • Business models of Finfluencers, their associated risks and impact of dissemination of information
  • The digital shift – Key factors driving the evolution of investment advice
  • The future of Finfluencers and trends shaping the investment advice landscape

This session unpacks who they are, how they influence retail investors, and the business models that power their content.

10:45 AM Coffee Break
11:00 AM Malaysia’s Regulatory Landscape for Finfluencers:

Guidance Note on Provision of Investment Advice

  • Objectives of the Guidance Note in safeguarding investor’s rights and enforcement framework
  • Clarifications of what constitutes invesment advice and practical examples
  • Offences and enforcement – Penalties under the Capital Market Services Act (CMSA) 2007 and implications of non-compliance

Case Studies Insights from local and global enforcement actions, penalties and non-compliance

Guidelines on Advertising for Capital Market Products and Related Services

  • What is considered as advertisement?
  • Who and what are the role of advertisers?
  • Expected standards of information in an advertisement
  • Conduct requirements for advertisers and Finfluencers

This session discusses about key regulatory guidelines governing investment advice and financial advertising in Malaysia, with real-world case studies to highlight the consequences of getting it wrong.

12.30 PM Lunch break
2:00 PM Guidelines on Conduct for Capital Market Intermediaries

  • Intended outcomes to be met by capital market intermediaries
  • Expectations on treatment of vulnerable clients
  • Expectations when providing personal advice
  • Requirements and restrictions on using digital platforms for delivery of capital market-related services

This session unpacks the key conduct expectations for capital market intermediaries, including how to responsibly advise clients, support vulnerable investors, and navigate digital platforms within regulatory boundaries.

3:30 PM Coffee break
3:45 PM Promoting Investor Protection through Finfluencer Best Practices

  • The role of social media platforms in enforcing regulatory compliance
  • Promoting financial literacy through educational initiatives for Finfluencers and investors
  • How Finfluencers must align with regulations, industry standards to enhance trust and investor protection
  • Best practices for Finfluencers in ensuring transparency and accountability

Case Discussions: Misleading financial advice, endorsements and paid promotions

This session discusses how Finfluencers can build trust and protect investors by aligning with regulations, embracing transparency and adapting best practices in content, endorsements and promotions.

5:30 PM End of Programme

Mr. Mohamad Nor Azizi b Mohd Nasir

Assistant General Manager, Law Reform Department

Securities Commission Malaysia

Choo Siew Fun

Head of Group Compliance

Kenanga Investment Bank Berhad

Tehmina Kaoosji

Independent Broadcast Journalist & Communications Consultant

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

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