Bursa Malaysia Securities To Launch Pilot Market Making Programme

On 17 May 2021, Bursa Malaysia Securities Berhad ("BMS") issued Participating Organisations' Circular No. R/R 2/2021 stating that it will be introducing a two-year Pilot Market Making Programme for Eligible Stocks ("PMMP") from 1 June 2021.

The PMMP will allow eligible market makers to be registered with BMS ("Stock Market Maker") to carry out market making activities in respect of eligible PMMP Stocks ("Eligible PMMP Stocks")

Principal documents regulating PMMP

The principal documents that regulate PMMP are the Rules of BMS (in particular Parts A, B, D and E of Chapter 4) ("BMS Rules"), BMS Directive in Relation to Market Makers and Derivatives Specialists No. 4-001 ("Directive No. 4-001"), and BMS Directive on PMMP No. 4-002 ("Directive No. 4-002").