KUALA LUMPUR: Bursa Malaysia Bhd has issued a consultation paper seeking public feedback on the proposed amendments to the rules of Bursa Malaysia Depository Sdn Bhd.
The amendments aim to facilitate Bursa Malaysia's move towards embracing further digitisation in the issuance of securities account statements to depositors (CDS statements), as part of the exchange's broader commitment toward environmental sustainability.
The amendments propose making CDS statements available through the MyBURSA portal for greater accessibility and convenience for all depositors.
Hard copy CDS statements will still be made available, at a fee, or under exceptional circumstances to specified depositors who demonstrate a clear need for such arrangement.
The proposed amendments also require all issuers whose securities remain deposited with the depository to keep their information up to date.
All parties are 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," Bursa Malaysia said in a statement today.
"Meanwhile, the proposed amendments are also part of the exchange's ongoing commitment to enhancing operational efficiencies and sustainable practices, while ensuring that the depository rules remain fit for purpose in serving the needs of investors and stakeholders.@
Further details on the consultation paper and the proposed amendments are available at Bursa Malaysia's website.
Interested parties are invited to submit their comments by Feb 14 next year.