Measures to spur exchange-traded fund growth

New rules: Under a set of new guidelines issued by a taskforce led by the SC, direct submission by ETF managers to the SC and Bursa Malaysia will be allowed with immediate effect.

KUALA LUMPUR: Exchange-traded fund (ETF) managers will no longer be required to go through principal advisers to submit their applications for new issuances of the investment products in Malaysia from now on.

Under a set of new guidelines issued by a taskforce led by the Securities Commission (SC), direct submission by ETF managers to the SC and Bursa Malaysia will be allowed with immediate effect. The move is aimed at lowering the cost of ETF issuances.