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Effective 1 December 2014, Bursa Malaysia will implement Straight Through Processing (STP) for registering individuals such as Dealer’s Representatives, Futures Brokers Representatives and Directors of Brokers.
STP will enable a seamless registration process for registering the relevant individuals.
This initiative to implement STP on registration was undertaken in line with Bursa’s continuing effort to reduce cost and regulatory friction for its participants as well as improving efficiency of its services and time to market by leveraging on technology.
The relevant changes to the relevant directives under the Rules of Bursa Securities and the Rules of Bursa Derivatives have been made available for reference at the Exchange’s website, www.bursamalaysia.com
