Capital Market Director Programme

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Module 4: Current and Emerging Regulatory Issues in the Capital Market

Scope of Coverage

  • Recognise the emerging issues potentially affecting the business of licensed intermediaries:
  • Systemic risk, prudential standards, capital adequacy and stress test;
  • Reputation risks arising from counterparties and/or service vendors/providers;
  • Dealing with customer complaints and alternative dispute resolutions;
  • Use of social media (e.g. Facebook and Twitter) by market participants and intermediaries to differentiate between advice and guidance;
  • Cyber-threats (including examples below) and the impact on the capital markets:
  • Understand the role of the Securities Commission as primary stakeholder in ensuring proper conduct through sound appreciation of:
    • SC’s supervisory objectives and philosophy;
    • Eleven core principles of SC supervision
    • Importance of strong compliance framework and culture of compliance
    • Core supervisory process;
    • Spectrum of supervision including risk posed to the intermediaries from the perspective of conduct, microprudential, AML/CFT and systemic issues; and
    • Common supervisory findings  
  • Based on interactive discussions regarding red flags identify indicators of possible market misconduct

Learning Outcomes

At the end of the programme, 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 proper
    • conduct of licensed intermediary and
    • effective dealing with the regulator – the Securities Commission.