Bursa Malaysia Berhad issued a consultation paper to seek public feedback on the proposed review of the Main Market Listing Requirements and Rules and Directives of Bursa Malaysia Securities Berhad in relation to Exchange-Traded Funds (ETFs).<\/p>\n
The public consultation period will run from July 9 to July 23.<\/p>\n
The Proposed ETF Amendments are made consequential to the release of a set of key recommendations in 2017 by a task force on ETFs comprising the Securities Commission Malaysia (SC), Bursa Malaysia and other market participants.<\/p>\n
Various recommendations, aimed at attracting greater investor participation in ETFs and incentivising issuances by ETF managers in the Malaysian market were made by the task force.<\/p>\n
Among the recommendations were promoting issuance of innovative and new ETFs such as futures-based ETFs, including the leveraged ETFs and inverse ETFs (L&I ETFs), physically-backed commodity ETFs and synthetic ETFs.<\/p>\n
The key proposals under the Proposed ETF Amendments include enhancements to the Main
Market Listing Requirements to reflect items such as liberalising the interim reporting frequency from quarterly to semi-annual basis;<\/p>\n
It also includes enhancing the contents of ETF interim and annual reports arising from various new ETF products and their specific requirements;<\/p>\n
And finally it includes enhancing the immediate announcement requirements to promote greater transparency in relation to the index or benchmark tracked by the ETF.<\/p>\n
Consequential to this as well, the Rules and Directives of Bursa Malaysia Securities Berhad will be amended to introduce the qualifying criteria for investors of L&I ETFs, and to expand the Permitted Short Selling (PSS) framework to allow Market Makers to short sell all types of ETF units.<\/p>\n
Presently, the PSS framework allows for Market Makers to short sell equity-based ETFs Only.<\/p>\n
The industry and the public are invited to submit their comments and feedback to Bursa Malaysia before the closing date of July 23.<\/p>\n
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Bursa Malaysia Berhad issued a consultation paper to seek public feedback on the proposed review of the Main Market Listing Requirements and Rules and Directives of Bursa Malaysia Securities Berhad in relation to Exchange-Traded Funds (ETFs). The public consultation period will run from July 9 to July 23. The Proposed ETF Amendments are made consequential […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-1861","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1861"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1861\/revisions"}],"predecessor-version":[{"id":6459,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1861\/revisions\/6459"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}