KUALA LUMPUR: Promotion of a capital market product on social media platforms may require a licence from the Securities Commission Malaysia in certain circumstances, according to the updated version of SC's guidance note on the provision of investment advice.
The regulator has updated the guidance note at https://www.sc.com.my/regulation/guidance- notes-and-guiding-principles, with the infographic is available at https://www.sc.com.my/investor-empowerment/info-on-finfluencer. "Finfluencers should take note that engaging in unlicensed regulated activities is an offence which is punishable under the Capital Markets and Services Act 2007 .
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