Malaysia

Securities / Derivatives

Malaysia Introduces Enhanced IPO Framework for Main Market

By Editors | 21/07/2020

The new framework will introduce a mandatory holistic consultation process, a longer exposure period for the draft prospectus, and a more liberal principal adviser regime.

Securities / Derivatives

Malaysia Revises Circuit Breaker Mechanism, Price Limits

By Editors | 12/07/2020

The temporary revisions to the static and dynamic price limits, and the circuit breaker, are being implemented to provide added market stability and confidence.

Securities / Derivatives

Malaysia to Promote Greater Capital Market Innovation

By Editors | 07/07/2020

The SC will invite innovative stockbroking models such as digital-only brokers and algo trading platforms. Bursa’s trading and clearing memberships will be separated.

Market Infrastructure

Philippine SEC Seeks Independent Board at Stock Exchange

By Editors | 01/07/2020

The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.

AML / KYC

BNM e-KYC Policy for Customer Onboarding Takes Effect

By Editors | 30/06/2020

Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.

Securities / Derivatives

Malaysia, Thailand Extend Short Selling Restrictions

By Editors | 28/06/2020

Malaysia will extend its short-selling ban until year-end; Thailand will continue using the uptick rule until end-September; Korea’s short-selling ban is due to expire in mid-September.

Enforcement

Malaysia: Former Trust Consultant Jailed for Securities Fraud

By Editors | 13/06/2020

The former consultant promised investors guaranteed returns but used the monies they paid for share trading in her personal account.

Securities / Derivatives

Taiwan, Malaysia to Cooperate on Derivatives Market Development

By Editors | 18/05/2020

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.

Capital / Liquidity

BNM: Banks Can Use Govt Bonds to Meet Reserve Requirement

By Editors | 05/05/2020

The move is expected to release about $3.7mn of liquidity into the banking system. BNM has also cut its overnight policy rate to the lowest level since 2009.