Friday June 26 2020
News Source: Global Disclosures
Focus: Short Selling
On 26th June 2020, the Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) announced that they have decided to further extend the temporary suspension of short-selling to 31 December 2020.
There will not be any change to the scope of the suspension, in that, it applies to Intraday Short Selling (IDSS) and Regulated Short Selling (RSS), as well as intraday short selling by Proprietary Day Traders.
Permitted Short Selling (PSS) is not affected by the temporary suspension of short selling, as PSS is necessary for market makers to market make the relevant securities such as exchange traded funds efficiently.
The temporary suspension, which began on 24 March 2020 was extended on 28 April 2020, and is scheduled to expire on 30 June 2020.
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