Page 83 - CMP3

CHAPTER SUMMARY
Promote businesses that are accountable to the environment and the broader stakeholders of the economy
Inculcate greater industry accountability to mitigate misconduct through self-regulation
Encourage third parties to hold market participants accountable for their actions, in particular in ESG practices
Prioritise efforts in protecting investors against vulnerabilities Prioritise fit-for-purpose regulatory architecture for enhanced
regulatory outcomes
Prioritise supervisory efficiency with technology as well as effectiveness in coverage and conduct
Encourage the embrace of RegTech for effective compliance, risk management and regulatory reporting
Navigate emerging data, AI and other technology risks as the capital market embraces digitisation
Embrace greater use of data and technology in the SC for better regulatory efficiency and effectiveness
1Embedding shared accountability in the capital market
Enable shared accountability in the capital market with principles-based regulations and greater regulatory transparency
2Prioritising efficiency and outcomes
Enhance enforcement approach to prioritise swift, effective and targeted outcomes
3Embracing the digital age
CAPITAL MARKET MASTERPLAN 3
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