Framework & Governance
Our ever-evolving business landscape presents a set of risks to our business and financial performance. Our Risk and Compliance Division actively monitors these risks, which we have classified into four categories to facilitate oversight and control.
BMSC and BMDC as Central Counterparty (CCP)
Bursa Malaysia Securities Clearing (“BMSC”) and Bursa Malaysia Derivatives Clearing (“BMDC”); are approved clearing houses, licensed by the Securities Commission of Malaysia, under Capital Market Services Act 2007.
Bursa Malaysia observes Principles for Financial Market Infrastructures (PFMI) published by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) in April 2012.
The Compliance function within the Bursa Group is primarily responsible for managing and providing reasonable assurance that the Bursa Group’s activities are in compliance with applicable rules, laws, and regulatory requirements, code of ethics and business conduct as well as internal policies and procedures.
Business Continuity Management
Business Continuity Management (BCM) framework and its related processes and procedures are in place to prepare Bursa Malaysia to rapidly recover and resume critical operations following an operational service disruption. The Framework is designed in adherence to CPMI IOSCO Principles for Financial Market Infrastructure guideline, i.e. principle 17 Operational Risk.