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Reports By Financial Journalists Must Be Fair, Accurate And Responsible, Says SC
Last update: 12/03/2014
KUALA LUMPUR, March 12 (Bernama) -- Dissemination of information by financial journalists must be done in a fair, accurate and responsible manner, says the Security Commission (SC).
The SC was referring to a regulatory settlement entered into with a Malaysian media editor on October 2013, in connection with news published on an online news portal on Aug 10, 2012.
"The price sensitivity of the subject matter of the article, coupled with the recklessness with which the article was written, without any verification with the SC, had created unwarranted and steep fluctuations to the involved company," it said in its 2013 annual report Wednesday.
Meanwhile, on safeguarding the capital market against money laundering activities, the SC said it is committed to ensuring that capital market intermediaries implement the highest standards of preventive measures to counter the problem.
"We continued to facilitate and reinforce a high level of compliance by licensed intermediaries with the SC's guidelines on Prevention of Money Laundering and Terrorism Financing.
"We are also observing global standards and best practices in relation to this increasingly important scope of the SC's supervisory function," it added.
-- BERNAMA
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| OPENING, TUESDAY, MAR 9| US | 4.1180/1230 | | S'pore | 3.0479/0520 | | 100 Yen | 3.7752/7805 | | Sterling | 5.6882/6967 | | Euro | 4.8769/8833 |
Source: Bank Negara Malaysia |
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