Friday, 19 July 2013

Bursa Malaysia to unveil new guidelines for restricted short selling

Bursa Malaysia is set to unveil next week new guidelines for restricted short selling (RSS) and securities borrowing and lending (SBL), which regulate short selling on the local market. CEO Datuk Tajuddin Atan said on Thursday the stock exchange operator was planning to expand the list of securities eligible for short selling to 171 from 100 currently. The stock exchange introduced short selling in 2007 under the RSS and SBL framework. It was banned for eight years prior to that.
  • Tajuddin also told journalists that it was looking to introduce new commodity and financial derivatives products. One of them was slated to be launched within the next two months, he added. 
  • The pipeline of listings for the remaining months of the year was expected to be healthy, with seven out of 10 upcoming initial public offerings having been approved, Tajuddin said. Three are to debut in July alone. (Starbiz)


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