Bursa Derivatives and Bursa Derivatives Clearing Rules and Directives Revamped
15 August 2019
The amendments to the following came into effect today –
- Rules of Bursa Malaysia Derivatives Berhad;
- Trading Participants Directives and Guidance of Bursa Malaysia Derivatives Berhad;
- Trading Manual of Bursa Malaysia Derivatives Berhad;
- Rules of Bursa Malaysia Derivatives Clearing Berhad; and
- Clearing Participants Directives of Bursa Malaysia Derivatives Clearing Berhad.
Arising from the above, consequential amendments to the Rules of Bursa Malaysia Securities Berhad also came into effect at the same time.
Amongst others, the main objectives of the amendments are as follows –
- Enhance business efficiency and flexibility of doing business in the Malaysian derivatives market;
- Reduce the cost of doing business by trading participants and clearing participants in the derivatives market;
- Strengthen the governance of framework of trading participants and clearing participants in the derivatives market; and
- Provide better protection and service to clients.