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The original implementation date of the SSN was extended from March to September this year to give further opportunity for stockbroking companies to be prepared for its implementation. The SSN is being implemented with consultation and participation of stockbroking companies and public listed companies.
The standardisation is to benefit stockbroking companies in facilitating stock trading. The standardisation will also benefit public listed companies by providing more information to investors in identifying listed companies' shares and other forms of listed securities.
For ease of reference, the complete list of SSN to come into effect on 4 September 2000, including frequently asked questions (FAQs) on the SSN has been made available at the KLSE web-site at www.klse.com.my. Investors without internet access can also get the list of SSN and FAQs from all stockbroking companies. KLSE has also sent a complete list of the SSN and FAQs to the media.
Of a total of 788 public listed companies, only 396 have new SSN coming into effect on 4 September 2000. The SSN for the remaining public listed companies will not be changed. There will also be no change in the stock code for all public listed companies on 4 September 2000.
The SSN is derived from an abbreviation of the registered name of a public listed company. The SSN is displayed on the KLSE's real-time information system. SSN, like stock codes, uniquely identify stock counters and provide investors with quick and easy reference to a particular stock.
With the standardised format coming into effect on 4 September 2000, the system becomes even more user friendly and will facilitate easier and faster identification of public listed companies' stock counters.
