Kuala Lumpur Stock Exchange (KLSE) Deputy President I, Encik Md Nor Ahmad said with partial implementation, the overall objective of reducing transaction cost to make the industry more competitive, will still be achieved.
"The move towards the partial implementation in reducing transaction cost is to reflect industry concerns and to give greater time and opportunity for all industry participants to adjust to the reduction.
"However, the partial implementation will see regulators proceeding to reduce the other components of the transaction cost which include clearing and other fees charged by KLSE.
"This shows the overall commitment of the regulators to collectively move forward to enhance the cost competitiveness of the local industry," he said.
The first stage reduction in transaction cost was implemented on 1 September 2000.
