Kuala Lumpur, 15 August 2019 – In an effort to enhance business efficiency and flexibility of doing business in the Malaysian derivatives market, Bursa Malaysia Berhad (Bursa Malaysia) has revamped the Rules and Directives of Bursa Malaysia Derivatives Berhad (BMD) and Bursa Malaysia Derivatives Clearing Berhad (BMDC).
With the revamped rules coming into effect starting today, Trading Participants and clearing Participants (collectively, “the Participants”) would be able to reduce their cost of doing business and provide better services to their clients, whilst strengthening their governance framework and providing better investor protection.
To achieve these objectives, the revamped Rules and Directives of BMD and BMDC foster the following improvements:
- Reduced regulatory burden and liberalised regulatory framework that accords greater flexibilities towards the Participants’ dealings to manage and operate their business whilst ensuring adequate investor safeguards in place.
- Strengthened governance framework for the participants, which in turn promotes better conduct and self-regulation
- More straightforward and streamlined rules to ease compliance.
- The overall rules have also been reviewed, clarified and enhanced for greater transparency. Enhancements have been made to improve the efficiency in process, application and reporting requirements promoting investor protection and enhancing market confidence.
The revamped rules are in tandem with Bursa Malaysia’s balanced and facilitative approach to promote market development whilst ensuring its regulatory objectives in maintaining market integrity and investor protection is not compromised.
The revamped Rules and Directives of the BMD and BMDC were issued on 28 June 2019. For further information, please visit Bursa Malaysia’s website at www.bursamalaysia.com.