Enforcement
We take a very strict view of breaches to our Business Rules and Listing Requirements and undertake enforcement proceedings and actions according to the severity of the breach as these infractions have the potential to undermine investors' rights and protection.
Overview
Bursa Malaysia takes a very strict view of breaches to the Bursa Malaysia Rules and Bursa Malaysia Listing Requirements; as these breaches have the potential to undermine investor's rights and protection.
We undertake enforcement proceedings and actions in relation to identified contravention of the Bursa Malaysia Rules and Bursa Malaysia Listing Requirements and initiate legal action where necessary, to give effect to the enforcement decisions and actions. We also administer and process claims in respect of the Compensation and Fidelity Funds maintained by Bursa Malaysia.
We are committed to strict enforcement for contravention of the Bursa Malaysia Rules and Bursa Malaysia Listing Requirements. Through these enforcement actions, we seek to:-
- deter future breaches
- educate the market
- influence change
- enhance corporate governance
The Bursa Malaysia Listing Requirements and Bursa Malaysia Rules empower Bursa Malaysia to take enforcement actions for breaches of the Bursa Malaysia Listing Requirements and Bursa Malaysia Rules. The persons who are subject to these enforcement actions are applicants, listed issuers, management companies, trustees, directors, Participating Organisations, Trading Participants, Clearing Participants, Participants of Exchange Trading Platform, Registered Persons, Authorised Depository Agents, Authorised Direct Members and any such person to whom the Bursa Malaysia Listing Requirements and Bursa Malaysia Rules are directed.
Each year, Bursa Malaysia makes enquiries and investigates potential rule breaches and depending on the conduct involved, the facts and circumstances, will trigger a variety of responses for the breaches / non-compliances including referrals of potential and significant contravention of the Capital Markets & Services Act 2007 to Securities Commission. Enforcement actions or sanctions by Bursa Malaysia are merely one of the tools available to Bursa Malaysia to address the breaches of the Bursa Malaysia Listing Requirements and Bursa Malaysia Rules.