What happens if SC guidance conflicts with other authority SOPs?

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SC Guidance Precedence in Case of Conflict

In instances where the Securities Commission Malaysia (SC) guidance presents inconsistencies with Standard Operating Procedures (SOPs) or directives issued by other applicable authorities, the rules established by those authorities will take precedence. This ensures a unified and authoritative framework for health and safety measures within the capital market.
Authority Directives Supersede SC Guidance

The SC has explicitly stated that should its issued guidance for capital market participants (CMPs) conflict with existing SOPs or directives from relevant government bodies, the latter will prevail. This principle underscores the hierarchical structure of regulatory authority, where national or ministerial directives hold ultimate sway over specific commission guidelines.
Maintaining Compliance with National Mandates

This provision is crucial for CMPs as they navigate the complexities of operating during the Covid-19 pandemic. The guidance from the SC, while comprehensive in its aim to outline health and safety measures for returning to full capacity operations, is designed to complement, not override, the directives from entities such as the National Security Council (NSC) and various ministries.
Framework for Operational Health and Safety

The SC's guidance, issued on May 8, 2020, was intended to assist CMPs in developing and communicating clear internal SOPs. These internal procedures were meant to align with the broader mandates from the NSC and ministries, thereby minimising the risk of Covid-19 transmission in the workplace for employees, agents, and external parties. The ultimate authority for health and safety protocols remains with the designated government agencies.

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What happens if SC guidance conflicts with other authority SOPs?

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