Bursa Malaysia Seeks Feedback On Depository Rules For Electronic CDS Statements

KUALA LUMPUR, Dec 26 (Bernama) -- Bursa Malaysia Bhd today issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd as it moves towards further digitisation in the issuance of securities account statements to depositors (CDS statements).

In a statement today, the exchange said the amendments propose making CDS statements available through the MyBURSA portal for greater accessibility and convenience for all depositors.

It said hard copy CDS statements will still be made available for a fee or under exceptional circumstances to specified depositors.

“Additionally, the proposed amendments require all issuers whose securities remain deposited with the Depository to keep their information up to date, and all parties subject to the Depository Rules to provide accurate and complete information to the Depository.

“These requirements are crucial to ensure the highest standard of data integrity and transparency,” said Bursa Malaysia.

The proposed amendments above are part of the bourse’s ongoing commitment to enhance operational efficiencies and sustainable practices while ensuring that the Depository Rules remain fit to serve the needs of investors and stakeholders.

Bursa Malaysia welcomes the public to submit views and feedback on the proposed amendments above by Feb 14, 2025.

-- BERNAMA