KUCHING: Bursa Malaysia Berhad (the Exchange) has issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd (Depository).
In a statement, the Exchange said that these amendments aim to facilitate Bursa Malaysia’s move towards embracing further digitisation in the issuance of securities account statements to depositors (CDS statements), as part of the Exchange’s broader commitment toward environmental sustainability.
“The amendments propose making CDS statements available through the MyBURSA portal for greater accessibility and convenience for all depositors.
“Hard copy CDS statements will still be made available, at a fee, or under exceptional circumstances to specified depositors who demonstrate a clear need for such arrangement.”
Additionally, the Exchange stated that the proposed amendments require all issuers whose securities remain deposited with the Depository to keep their information up to date, and all parties subject to the Depository Rules to provide accurate and complete information to the Depository.
“These requirements are crucial to ensure the highest standard of data integrity and transparency.
“These proposed amendments are part of the Exchange’s ongoing commitment to enhance operational efficiencies and sustainable practices, while ensuring that the Depository Rules remain fit for purpose in serving the needs of investors and stakeholders.
“Further details on the consultation paper and the proposed amendments are available at https://www.bursamalaysia.com/regulation/public_consultation.”
Having said this, the Exchange welcomes views and feedback from the public on the proposed amendments above.
“Those interested are invited to submit their comments to Bursa Malaysia by Feb 14, 2025.”
