Malaysia

Structural Regulation

Bursa Malaysia Amends Listing Rules to Protect Shareholders

By Editors | 13/08/2020

Disclosures requirements applicable to new issues are enhanced, director independence is strengthened, and transparency on loans linked to controlling shareholders is improved.

Capital Adequacy

Malaysia SC Increases Gearing Limit for M-REITs

By Editors | 12/08/2020

The increase is temporary to provide Malaysian REITs greater flexibility to manage cash flows and debt and capital structures more efficiently.

Payments & Settlements

Malaysia Works to Enable Real-time Cross-border Payments

By Editors | 10/08/2020

A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.

Anti-Money Laundering

Malaysia Jails Eight Over Illegal Deposit-taking Scheme

By Editors | 05/08/2020

Eight individuals were sentenced to between three and nine years’ jail. Total fines issued, including against three companies, amount to $310mn.

Cloud & Infrastructure

Malaysia Launches New Initiative to Boost Fintech Development

By Editors | 04/08/2020

The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.

Anti-Money Laundering

Ex Coutts Banker Fined Over $700m 1MDB Transfer

By Editors | 03/08/2020

The former Coutts & Co banker approved a $700mn transfer request from Jho Low, the alleged mastermind behind the 1MDB scandal, despite repeated red flags.

Market Data & Technology

SC Orders Bursa Malaysia to Conduct Full Systems Review

By Sanday Chongo Kabange | 02/08/2020

The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

Trading & Investment

Bursa Malaysia to Introduce New Derivatives Products

By Editors | 31/07/2020

The derivatives products to be launched this year include new single stock futures, a revamped index futures contract, and ETFs linked to sectoral indices.

Tokenisation

Malaysia to Experiment with Tokenised Bonds in Offshore Market

By Manesh Samtani | 31/07/2020

Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.