Wednesday February 14, 2018
08:49 PM GMT+8

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The Securities Commission Malaysia and Bursa Malaysia Bhd have outlined the operational details of various new measures to further enhance the vibrancy and liquidity of the equity market. — Reuters picThe Securities Commission Malaysia and Bursa Malaysia Bhd have outlined the operational details of various new measures to further enhance the vibrancy and liquidity of the equity market. — Reuters picKUALA LUMPUR, Feb 14 — The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have outlined the operational details of various new measures to further enhance the vibrancy and liquidity of the equity market as announced by the Prime Minister Datuk Seri Najib Razak recently.

For the stamp duty waiver on shares of mid and small cap companies for three years starting March 1, 2018, eligible mid and small cap companies are those with market capitalisation of between RM200 million and RM2 billion, as at December 31, 2017, the two regulators said in a joint statement today.

“The list of companies eligible for the stamp duty exemption will be reviewed annually and determined as at December 31 of each year. It will be published at www.bursamalaysia.com,” they said.

On the waiver on trading and clearing fees for six months for new individual investors, they said first-time individual investors who open a Central Depository System account with a participating organisation (PO) and undertake trading between March 1 and August 31, 2018, would be entitled to this waiver.

Regarding the measure to liberalise margin financing rules, the current margin financing limit of 200 per cent of the effective PO’s shareholders’ funds would be removed.

For the intra day short selling (IDSS) measure allowed for all investors, SC has approved the framework for IDSS and Bursa Malaysia was currently putting in place the necessary rule changes and system enhancements.

“Bursa Malaysia is targeting to launch the framework in the second quarter of 2018,” the statement added. — Bernama