Bursa Malaysia announced Thursday that it hopes to implement several changes to its regulations concerning short selling and securities lending by September 2006.
Under the new regulations, Bursa Malaysia Securities Clearing will assume the role of central clearing agent for all securities borrowing and lending transactions.
In addition, participants engaged in borrowing or lending securities must now obtain a license and agree to the revised rules, which include a ban on naked short, transfer restrictions and identification of the beneficial owner.