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Rules

We have clear, comprehensive and accessible rules which govern, among others, the listing of issuers and products on our markets, and the obligations of the issuers post-listing, the trading, clearing and settlement of our products, the admission and post admission obligations of our participants.
  • Rules of Bursa Malaysia Securities
  • Rules of Bursa Malaysia Securities Clearing
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  1. Home
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  4. Rules of Bursa Malaysia Securities Clearing

Rules of Bursa Malaysia Securities Clearing


Rules of Bursa Malaysia Securities Clearing Sdn Bhd
Last updated: 7 December 2020

Interpretation

Chapter 1: General Rules

Chapter 2: Clearing Participantship

Chapter 2A: Inspection and Investigation

Chapter 3: Disciplinary Action

Chapter 4: Default Rules

Chapter 5: Clearing And Settlement

Chapter 6: Clearing Guarantee Fund

Chapter 7: Bursa SBL Transactions

Chapter 8: SBL Negotiated Transactions

Chapter 9: Islamic Securities Selling And Buying Negotiated Transaction

Consolidated Rules of Bursa Malaysia Securities Clearing
Consolidated Rules of Bursa Malaysia Securities Clearing Sdn Bhd 
[As at 7 December 2020]

Archives
Consolidated Rules of Bursa Malaysia Securities Clearing Sdn Bhd 
[Effective until 6 December 2020]

Amendments

2020

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Securities Borrowing and Lending (“SBL”) and Islamic Securities Selling and Buying (“ISSBNT”)
[Effective: 7 December 2020]

2019

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd in relation to the T+2 settlement cycle
[Effective: 29 April 2019]

2018

Amendments to the Rules of Bursa Malaysia Securities Clearing consequential to repeal of Goods and Services Tax pursuant to the Goods and Services Tax (Repeal) Act 2018 
[Effective: 1 September 2018]

2017

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd pursuant to the removal of bank guarantee as an acceptable form of contribution to the Clearing Guarantee Fund 
[Effective: 18 December 2017]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. in relation to the introduction of Islamic Securities Selling and Buying – Negotiated Transaction 
[Effective: 12 December 2017]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. In Relation to the Introduction of the LEAP Market
[Effective: 16 June 2017]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. Consequential to the Companies Act 2016 
[Effective: 31 May 2017]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. to Expand the Purposes of Securities Borrowing under the Securities Borrowing and Lending - Negotiated Transactions Framework
[Effective: 27 February 2017]

2016

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. In Relation to Removal of Provisions in relation to Reimbursement of Costs from Participants arising from Inspections, Investigations and Enforcement Proceedings 
[Effective: 28 November 2016]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. In Relation to the Introduction of Margin on Trading Clearing Participants
[Effective: 20 June 2016]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. Pursuant to a Review of the Inspection, Investigation and Enforcement Provisions and Consequential to the Securities Commission (Amendment) Act 2015 
[Effective: 3 May 2016]

2015

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. In Relation to Error Trade Policy
[Effective: 1 Jun 2015]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd.
Consequential to the Goods and Services Tax Act 2014
 
[Effective: 1 April 2015]

2014

Closure of The Exchange for Hari Raya Aidilfitri Holidays 

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd.
Consequential to the Outsourcing Requirements in the Securities Commission’s Licensing Handbook
 
[Effective: 30 Jun 2014]

2013

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd.
Consequential to the Personal Data Protection Act 2010

[Effective: 15 Nov 2013]

Guidelines on Self Assessment Approach, Declaratory Approach and Green Lane Policy in Respect of Readiness Audits 
[Effective: 2 May 2013]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn. Bhd. In Connection with the Revamp of the Rules of Bursa Malaysia Securities Berhad 
[Effective: 2 May 2013]

2012

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to the Enhancements to the Central Matching Facility 
[Effective: 9 Jul 2012]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd To Clarify the Novation Process for On-Market Transactions
[Effective: 2 Apr 2012]

2011

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to the Guidelines on Outsourcing for Capital Market Intermediaries 
[Effective: 9 Aug 2011]

Directives on Material Outsourcing Arrangements by Market Intermediaries 
[Effective: 9 Aug 2011]

2010

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Securities Borrowing and Lending 
[Effective: 25 Aug 2010]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Cash Settlement of Failed Contacts 
[Effective: 3 May 2010]

2009

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to On-Market Married Transactions and Clearing and Settlement of Direct Business Contracts as Novated Contracts 
[Effective: 26 Oct 2009]
(except the deletion of Rule 5.8(c) which comes into effect on 27 Oct 2009)

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Bursa SBL Transactions and Securities Borrowing and Lending Negotiated Transactions 
[Effective: 17 Aug 2009]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Clearing and Settlement of Securities Listed and Quoted in Foreign Currency 
[Effective: 13 Jul 2009]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Market Making 
[Effective: 8 May 2009]

2008

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Cash Settlement of Failed Odd Lot Contracts 
[Effective: 1 Dec 2008]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Clearing and Settlement of Direct Business Contracts as Novated Contracts 
[Effective: 1 Dec 2008]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Institutional Settlement Service and Direct Business Contracts 
[Effective: 1 Dec 2008]

2007

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Permitted Short Selling of ETF Units and its Constituent Securities 
[Effective: 1 Apr 2008]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Central Matching Facility 
[Effective: 7 Jan 2008]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd Consequential to the Introduction of the Capital Markets & Services Act 2007 
[Effective: 28 Sept 2007]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Default Rules 
[Effective: 9 May 2007]

2006

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Bursa Securities Borrowing and Lending 
[Effective: 3 Jan 2007]

Clearing Fee Payable for Trades in Day Trading Actives Account 
[Effective: 3 Jan 2007]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Investment Banks 
[Effective: 8 Nov 2006]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Clearing Guarantee Fund 
[Effective: 25 Aug 2006]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to Clearing Guarantee Fund 
[Effective: 15 May 2006]

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd In Relation to the Outsourcing of Back Office Functions 
[Effective: 10 May 2006]

2005

Amendments to the Rules of Bursa Malaysia Securities Clearing Sdn Bhd On the Power of Waiver or Modification in Relation to Compliance with the Rules of Bursa Clearing (S) 
[Effective: 21 Jun 2005]

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