Bursa Malaysia introduces e-cash payments

framework
03 September 2012
Bursa Malaysia has extended its eDividend facility to include all types of cash
payments made by listed issuers to their securities holders.
The enhancement of the electronic payment framework was done on the back of
encouraging response to the existing facility. Currently 80% of the total dividend
payments received by securities holders are made via eDividend.
Dato' Tajuddin Atan, Chief Executive Officer of Bursa Malaysia, expressed the
significance of the initiative introduced by Bursa Malaysia Depository Sdn Bhd
(Bursa Depository) which will promote greater efficiency in distributing cash
payments arising from corporate actions by listed issuers:
"The expansion of the electronic payment to other types of cash payments by
listed issuers is aligned to our national agenda of migrating to electronic
payment systems that expedite the crediting of cash payments for
corporateexercises and reducing the cost associated with the issuance of
cheques by listed issuers."
Under the eCash Payment framework, listed issuers are now required to pay
specified types of cash payments as determined by the Exchange, by directly
crediting the same into the bank accounts of their securities holders who have
provided their bank account details to Bursa Depository. Such cash payments
include payments of interest or profit rates on debt securities or sukuk, income
distribution by Real Estate Investment Trust (REIT) or Exchange Traded Fund
(ETF) and capital repayment. In addition, Bursa Depository may also facilitate
listed issuers who wish to voluntarily pay other types of cash payments
electronically to their securities holders.
The relevant rule changes to the Listing Requirements and the Rules of Bursa
Depository together with the respective Frequently Asked Questions (FAQs) on
this initiative have been made available for reference at the Exchange's website,
www.bursamalaysia.com.
Securities holders that have not provided their bank account details to Bursa
Depository to receive their cash payments by way of direct credit into their bank
accounts are encouraged to do so through their stockbrokers and be eligible to
enjoy the administration fee waiver accorded by Bursa Malaysia, valid until 18
April 2013.
Investors can obtain the eDividend form and access more information on the
process for providing bank account details from Bursa Malaysia's website.
http://www.finextra.com/news/announcement.aspx?pressreleaseid=46069

summary
this article is about the Bursa Malaysia had introduces the cash payments
framework. It had the eDividend facility which include all types of cash payments
made by listed issued to their securities holders . the enhancement of the
electronic payment was done on the back encouraging response to the existing
facility.

Bursa wants feedback on ACE Market to enhance

competitiveness
Wednesday, 19 November 2014
By: WONG WEI-SHEN
PETALING JAYA: In a bid to boost the competitiveness of Bursa Malaysias ACE Market, the
exchange is seeking public feedback on various enhancements to the listing requirements.
It aims to promote a more transparent framework, with greater clarity on the
admission criteria. In a statement, Bursa said the public consultation paper is also to ensure
that the ACE Market remains attractive and competitive as a listing and investment platform.
There are 108 companies listed on Bursas ACE Market. In the past year, the FBM ACE
index had seen a 14.67% rise to 6,507.89 points. Comparatively, the FTSE Bursa Malaysia
KLCI, or FBM KLCI, had risen 1.45% to 1,818.38 points as of Nov 18.
The changes proposed include clarifying the admission criteria and suitability
assessment to be undertaken by a sponsor with additional guidance. Bursa has proposed to
introduce a new pre-initial public offering consultation procedure for ACE Market applicants,
which will allow applicants to seek guidance on the admission requirements at an early
stage. To enhance disclosure on the applicant, Bursa has also proposed that new applicants
be required to have an independent market research report supporting the listing application.
It also intends to liberalise the moratorium requirements for eligible promoters, and shorten
the moratorium period for promoters of listed corporations, which are eligible to list on the
Main Market.
The bourse has proposed to exempt listed corporations, which have met the Main
Market admission criteria from the sponsorship requirement post-listing. To ensure quality
and parity in the standards of disclosure, the exchange will also pre-vet selected circulars
prior to their issuance to shareholders. Another proposal is to liberalise the sponsorship
framework by removing the requirement for sponsors to approve public documents and
allowing a change of sponsors without the exchanges prior approval. The predecessor to
the ACE Market, the Mesdaq Market, evolved into the former when the Main and Second

Boards merged to become the Main Market on Aug 3, 2009. Bursa is seeking comments and
feedback from the investing community, practitioners and market participants on the
proposed enhancements to the ACE Market listing requirements by Dec 22.
http://www.thestar.com.my/Business/Business-News/2014/11/19/Feedback-on-ACE-MarketBursa-wants-comments-to-enhance-competitiveness/?style=biz

Summary
Bursa Malaysia wants the feedback from the ACE market to enhance the
competiveness. The aim is to promote a more transparent framework, with greater clarity on
the admission criteria. Bursa mentioned that the public consultation paper is also to ensure
that the ACE Market remains attractive and competitive as a listing and investment platform.
To enhance disclosure on the applicant, Bursa has proposed that new applicants be
required to have an independent market research report supporting the listing application. It
also intends to liberalise the moratorium requirements for eligible promoters, and shorten the
moratorium period for promoters of listed corporations, which are eligible to list on the Main
Market. Bursa Malaysia Bhd is seeking feedback on ways to enhance the ACE Market
Listing Requirements in order to increase its overall competitiveness.
The stock exchange operator is particularly seeking to promote a more transparent
framework, with greater clarity of ACE Markets admission criteria and suitability assessment
to be undertaken by a sponsor with an additional guidance. It also wants to introduce a new
pre-initial public offering consultation procedure, allowing the applicant to seek guidance on
the admission requirements at an early stage.
Bursa Malaysia is also looking into option of requiring an independent market
research report to support a listing application to enhance the disclosures of the applicant.
The revamp of the ACE Market will allow more emerging companies to enter the capital
market at an earlier stage, whilst providing increased investor protection with the enhanced
sponsorship role of experienced advisers

BURSA MALAYSIA SELECTS NASDAQ OMXs X-STREAM

INET TO POWER TRADING PLATFORM
Thursday 13/12/2012
NEW YORK and KUALA LUMPUR, Malaysia, Dec. 13 (Bernama-GLOBE NEWSWIRE) -Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today
announced that Bursa Malaysia has selected NASDAQ OMX to power its securities market
trading through NASDAQ OMX's industry leading technology, X-Stream INET.
The new platform will handle trading of equities, fixed income, ETF, funds and issuer
warrants for Bursa Malaysia. X-Stream INET's system robustness and speed will drive
exchange innovation for Bursa Malaysia to attract a variety of market participants and create
innovative products and services to match international demand. The deployment is
scheduled during the first quarter of 2014. NASDAQ OMX was selected in competition with a
number of global exchange technology providers.
Dato' TajuddinAtan, CEO, Bursa Malaysia, said, "As we aimed to complete a major
technology refresh for our securities market and build on our overall strategic business
roadmap, we wanted a trading technology that would satisfy our demands and desire for
growth. Selecting NASDAQ OMX's X-Stream INET was a sign of this commitment to our
customers and our growth towards becoming the center of ASEAN's multinational
marketplace. We feel we have chosen the right partner for our future and look forward to a
successful implementation of X-Stream INET."
Anna Ewing, Executive Vice President and CIO, NASDAQ OMX, said: "We are happy to be
partnering with one of the leading exchanges in Asia. Bursa Malaysia is both an attractive
IPO destination and a hub for Islamic finance. As Bursa Malaysia looks to advance its growth
strategy and expand on its vision of delivering industry-leading products and services, we're
dedicated to supporting its endeavors through our technology." NASDAQ OMX's X-stream
trading technology is currently used by 22 exchanges globally and has recently been named
the world's fastest trading system by independent latency measurement specialists.
About Bursa Malaysia

Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital
Markets and Services Act 2007. A public company limited by shares under the Companies
Act 1965, Bursa Malaysia operates a fully-integrated exchange, offering equities, derivatives,
offshore, bonds as well as Islamic products, and provides a diverse range of investment
choices globally. Bursa Malaysia Securities regulates and operates the securities trading
activities in Malaysia, a stock market with about 1,000 companies across 50 economic
activities. Companies from any economic sectors are listed either on the Main Market for
large-cap established companies, or on the ACE Market for emerging companies of all sizes.
The Exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.
For more information on Bursa Malaysia, visit www.bursamalaysia.com.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies
and provides transformative technologies for the entire lifecycle of a trade - from risk
management to trade to surveillance to clearing. In the U.S. and Europe, we own and
operate 25 markets, 3 clearinghouses and 5 central securities depositories supporting
equities, options, fixed income, derivatives, commodities, futures and structured products.
Able to process more than 1 million messages per second at sub-40 microsecond speeds
with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities transactions.
Our award-winning data products and worldwide indexes are the benchmarks in the financial
industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap
whose innovations shape our world, we give the ideas of tomorrow access to capital today.
Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX
Century.

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Summary
This article is about the development that had been made by Bursa Malaysia in order
to improve the power of trading platform. Bursa Malaysia had select NASDAQ OMXs XTREAM INET to power the trading platform. Bursa announced of this selection to power its
securities market trading through NASDAQ OMXs industry leading technology, X-Stream
INET.
The main purpose of this new platform is to help Bursa in handling the trading of
equities, fixed income, ETF, funds and issuer warrants for Bursa Malaysia. In NASDAQs
words, it says that its technology will drive exchange innovation for Bursa Malaysia, helping
to attract market participants and create innovative products and services to match
international demand.
On the other hand, this article mentioned that X-Stream INETs system robustness
and speed will drive exchange innovation for Bursa Malaysia to attract a variety of market
participants and create innovative products and services to match international demand. The
deployment is scheduled during the first quarter of 2014. NASDAQ OMX was selected in
competition with a number of global exchange technology providers.
Through the researched that had been made, it proves that the NASDAQ OMXs Xstream trading technology is currently used by 22 exchanges globally and has recently been
named the worlds fastest trading system by independent latency measurement specialists.
The combination of these two successful companies represents a distinct opportunity to
create a truly unique client experience through premier content and best in class platforms.