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BURSA MALAYSIA SEEKS FEEDBACK ON SHORTENING THE SECURITIES SETTLEMENT CYCLE TO T+2

03 Dec 2018

Kuala Lumpur, 3 December 2018 – Bursa Malaysia Berhad (“Bursa Malaysia”) today issued a consultation paper seeking public feedback on the proposed move to a shorter securities settlement cycle to two days (“T+2”) from the current three-day cycle (“T+3”). The proposal is part of Bursa Malaysia’s ongoing efforts at improving operational efficiency, reducing systemic risks and aligning the clearing and settlement processes of the Malaysian capital market with international practices.

The review to migrate from a T+3 to T+2 settlement cycle was initiated to keep pace with changing trends of the market and needs of market participants and investors. Among the benefits of the proposed T+2 settlement cycle includes:

In this regard, the Rules of Bursa Malaysia Securities Berhad and the Rules of Bursa Malaysia Securities Clearing Sdn Bhd are proposed to be amended to facilitate the move from a T+3 to a T+2 settlement cycle. The proposed key changes include:

Details of the consultation paper is available at http://www.bursamalaysia.com/market/regulation/rules/public-consultation

Bursa Malaysia is targeting to introduce the changes by the second quarter of 2019.

Interested parties and the public are invited to submit their comments and feedback to Bursa Malaysia by 28 December 2018.