KUALA LUMPUR (Feb 22): The Securities Fee Malaysia (SC) and Bursa Malaysia Bhd have prolonged the short-term suspension on Intraday Brief Promoting (IDSS) and intraday brief promoting by Proprietary Day Merchants (PDT Brief Sale) to Aug 29, 2021.
The short-term suspension of IDSS and PDT Brief Sale is because of expire on Feb 28, 2021. It took impact on March 24, 2020 as a part of the regulators’ proactive measures to mitigate potential dangers arising from heightened volatility and world uncertainties.
The extra six-month suspension of IDSS and PDT Brief Sale, that are used primarily as a day buying and selling technique, will allow Bursa Malaysia to reinforce the management measures for intraday brief promoting actions with a view to promote market stability and strengthen the integrity of the capital market, they stated in a joint assertion right here, immediately.
“With this extension of the suspension, short-term waivers associated to PDT will even be prolonged to Aug 29, 2021. These extensions don’t have an effect on Regulated Brief Promoting (RSS), which is presently in place following the lifting of its suspension on Jan 1, 2021.”
The SC and Bursa Malaysia will proceed to observe developments affecting the securities market and consider the adequacy of present measures to assist a good and orderly market in addition to mitigate potential dangers.