The letter alleged that SC officials played a key role in getting a company listed on Bursa Malaysia and another prepared for listing despite both companies failing to … The Securities Commission Malaysia, abbreviated SC, a statutory body entrusted with the responsibility of regulating and systematically developing the capital markets in Malaysia. PB601 INVESTMENT MANAGEMENT BURSA MALAYSIA AND SECURITY COMMISIONER 2. It is the sole regulatory agency for the regulation and development of capital markets. At the SC, its head of corporate finance and investment (CFI) Eugene Wong Weng Soon will be stepping down from his current post upon the completion of his contract by year-end, said the commission’s spokesperson when contacted. Author: AmInvest   |   Latest post: Fri, 22 Jan 2021, 10:35 AM, An official blog in I3investor to publish research reports provided by AmInvest research team. The Securities Commission Malaysia is a statutory body entrusted with the responsibility of regulating and systematically developing the capital markets in Malaysia. Azalina, 50, has been with the group since June 2001, and has served as strategy and transformation director prior to her current appointment. This will bring the full FY20 earnings to RM391.6mil (+110.1% YoY), above our earlier estimate of RM373.5mil supported by higher securities and derivatives trading revenue. This model is subject to review from time to time to mirror the changing business and regulatory environment. Bursa is scheduled to release it 4Q20 results on 2 Feb 2021. Amendments to the Rules of Bursa Malaysia Securities Berhad - Amendments to KLSE/MESDAQ Join Guidelines for Compliance Officers [Effective: 2 Apr 2012] This saw the percentage of local retail participation at 40.59% while the percentage of local institution participation including investment traders (IVTs) stood at 44.76%. The list is constantly updated and the Commission announces the updated list twice a year. The changes could also involve chief regulatory officer Yew Yee Tee, the sources said. The role of Bursa Malaysia is to give companies, governments and other groups a platform to sell securities to the investing public by offering a range of exchange-related services and products. We facilitate a vibrant and collaborative environment which generates and protects wealth, and creates value for all. Neither the Securities Commission Malaysia (“SC”) nor Bursa Malaysia Securities Berhad (“Bursa Securities”) has perused the contents of this Notice prior to its issuance and as such, the SC and Bursa Securities take no responsibility for the contents of This resulted in a DATV for equities of RM4.2bil in FY20, which was above our projection of RM3.8bil. Its principal activities include treasury management, along with the provision of management and administrative services for its subsidiaries. This article first appeared in The Edge Financial Daily, on, Jaya Grocer raises the bar in hygiene and safety, Powering The Digital Economy With Advanced Enterprise Network, Bursa Malaysia: Sustainability agenda a key lesson from the pandemic, EVENING 5: FGV directors tell minority shareholders to reject Felda offer. At the SC, its head of corporate finance and investment (CFI) Eugene Wong Weng Soon will be stepping down from his current post upon the completion of his contract by year-end, said the commission’s spokesperson when contacted. Prior to that, she had stints in Bank Negara Malaysia and RHB Banking Group. — Picture by Hari Anggara KUALA LUMPUR, Oct 12 — Opposition leader Datuk Seri Anwar Ibrahim has asked Bursa Malaysia and the Securities Commission to take action against those who appear to be manipulating the stock market with unfounded political rumours. Guidelines by the Securities Commission Malaysia: A go-to manual for market funds seeking to qualify as a sustainable and responsible investment fund. Meanwhile, Yew, 49, was appointed as chief regulatory officer on May 1, 2017. KUALA LUMPUR: Both the Securities Commission of Malaysia (SC) and Bursa Malaysia are expected to see changes at the top management soon. The role of Bursa Malaysia is to give companies, governments and other groups a platform to sell securities to the investing public by offering a range of exchange- related services and products. © All rights reserved. We expect a lower 4Q20 earnings by 1.9% QoQ to RM119.6mil (3Q20: RM121.9mil) based on a lower DATV for securities market despite an improvement in derivatives trading revenue. The new structure will flatten the organisation and future-proof the exchange in light of the fast-evolving and challenging operational and regulatory landscape, according to the statement. Wong will be leaving the statutory body “to pursue other endeavours upon completion of his contract at the end of the year”, the spokesperson added. On 16 December 2020, Bursa and the Securities Commission (SC) announced the lifting of the temporary suspension on regulated short selling (RSS) effective 1 Jan 2021. Selvarany, 53, has served Bursa since 1992, and has served in several senior positions in the group including as its chief legal officer and chief regulatory officer before her current responsibility. However, this was subjected to the following control measures: i) temporary reduction in the daily gross short position limit on approved securities to 2% (from 3%); and ii) the establishment of a new cap of 4% on RSS aggregated net short position. Tan was also appointed to her current role in February 2017. Security Identifiers: ISIN: ISIN is the standard securities identifier for all Bursa Securities listed securities and SSTS eligible instruments For all other unlisted and delisted securities, only the subcustodian's internally assigned security code is available as the securities identifier. They play important roles In 2020, there were 23 new listings in the securities market (Main Market: 6, ACE Market: 10 and LEAP Market: 7). Investigation papers were opened in 2006 into the case that has its roots in an anonymous letter addressed to SC chairman Datuk Zarinah Anwar on May 10 that year, but took time because evidence-gathering was laborious. Such changes are notified to the Securities Commission pursuant to the Guidance on the Regulatory Role of Bursa Malaysia. The average total contracts traded for derivatives was higher for 4Q20 (Oct–Dec 2020) at circa 71,000 compared to 69,000 in 3Q20. The Securities Commission Malaysia (SC) is seeking feedback on a regulatory framework for digital asset wallet providers.The review is expected to complement the … We had earlier expected the DATV for securities market to taper in FY21 with the reintroduction of RSS and gradual lifting of the suspension in intraday short selling of PDT and flexibilities in share margin financing. The key modification is that Bursa Malaysia Derivatives Clearing Berhad will play the role of the central counterparty to facilitate the real-time delivery of the MGS. LAST week, regulatory authorities Bursa Malaysia Bhd and the Securities Commission Malaysia (SC) announced that the former would be setting up a wholly-owned subsidiary to take on the regulatory functions of the stock exchange. The Edge Communications Sdn. KUALA LUMPUR: The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) will uplift the temporary suspension of Regulated Short Selling (RSS) after it expires on Dec 31. Bursa Malaysia is the stock exchange of Malaysia. SAC. Selvarany, Azalina and Tan have served in their current positions for just under three years since their appointments in February 2017. On 16 December 2020, Bursa and the Securities Commission (SC) announced the lifting of the temporary suspension on regulated short selling (RSS) effective 1 Jan 2021. The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. To further assist listed issuers weather the economic downturn caused by the Covid-19 pandemic, the Securities Commission Malaysia and Bursa Malaysia (‘the Exchange’) jointly announced on 10 November 2020 an enhanced rights issue framework (‘Enhanced Rights Issue Mandate’) to enable listed issuers to raise funds expeditiously. On the securities market, DATV (on OMT basis) for equities slipped to RM4.8bil in 4Q20 from a high of RM5.7bil in 3Q20. EVENING 5: LAD calculated from date booking fee is paid, EVENING 5: Govt unveils RM25bil PERMAI package, Tech stocks rally, six counters reach record high as semiconductor sales forecast points north, Nazir Razak investing in durian planter via private share placement, Malaysian collector brings home century-old rare Sarawak dollar, Govt appreciates Top Glove's job offers, reminds company to emphasise workers' safety, well-being, Serba Dinamik says private placement oversubscribed by 1.85 times, Virtual Fireside Chat: Impact of MCO 2.0 on the Malaysian Property Sector, Sunway wins Top Property Developers’ Awards 2015. Bursa malaysia is an exchange holding company approved under section 15 of the capital markets and services act 2007 3. The key modification is that Bursa Malaysia Derivatives Clearing Berhad will play the role of the central counterparty to facilitate the real-time delivery of the MGS. She has been with the group since 1999. It is essential for helping Muslim investors identify Shariah-compliant securities and at the same time, increase their confidence when making investments. In Dec 2020, trades of local retail and institutions continued to the dominant in terms of the value of securities traded for the market. Bursa Malaysia cannot be immediately reached for comment. Nevertheless, the outflow was lower at RM2.3bil vs. 2Q20 and 3Q20’s out flows of RM8.7bil and RM6.0bil respectively. Here’s a trading idea before Bursa opens. Wong currently serves as an adviser to the Malaysian Accounting Standards Board, and he was also previously a council member of the Malaysian Institute of Accountants and chairman of its Ethics Standards Board. Yesterday, the stock exchange issued a statement to announce its plan for an organisational restructure, to be effective on Jan 1, 2020. The Securities Commission Malaysia (SC) and Bursa Malaysia, in a joint statement today, said both of them have been working closely to further enhance the … These include trading, clearing, settlement and depository services, … However, with the rise in new Covid-19 cases and uncertainties on the duration of the latest lockdowns, volatility continued to persist in markets. Over at Bursa, according to sources, it is expected to see several changes in its current senior management positions as well. Also, the temporary suspension on intraday short selling of proprietary day trades (PDT) has been extended to 28 February 2021 while flexibilities for share margin financing have been stretched to 30 June 2021. The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) will uplift the temporary suspension of Regulated Short Selling (RSS) and have reviewed other market management measures that were introduced this year following heightened market volatility arising from the broader impact of COVID-19. KUALA LUMPUR (Dec 16): The Securities Commission (SC) and Bursa Malaysia Bhd will lift the temporary suspension of regulated short selling (RSS) and have reviewed other market management measures introduced this year following heightened market volatility arising from the broader impact of Covid-19. 2020. “Internationally recognised national regulatory organisations, namely Bank Negara Malaysia, the Securities Commission Malaysia and Bursa Malaysia will continue to play their role … “It is incumbent on the exchange to make these changes to better serve our customers and stakeholders, fulfilling our vision of becoming Asean’s leading responsible and globally connected marketplace,” said its chief executive officer Datuk Muhamad Umar Swift. Rise and shine! By Emmanuel Samarathisa. We expect markets to remain volatile in the near term until there are clearer signs of a firmer economic recovery. This represented 85% of securities listed on Bursa Malaysia. 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