Regulatory Alerts2006-01-06
Guidelines on Registration of an Electronic Broking System
The Securities Commission issued these guidelines to establish regulatory requirements for licensed money brokers seeking to register an electronic broking system as an exempt stock market. Applicants must demonstrate operational integrity by obtaining Bank Negara Malaysia certification, interfacing with Bursa Malaysia's price repository, and submitting detailed corporate and operational documentation. The Commission retains the authority to deregister systems for non-compliance, false information, or market integrity risks, while operators must notify the regulator of any material changes or submit annual financial statements.
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