PETALING JAYA: The Remisiers Association of Malaysia or Persama has raised concerns about the low brokerage fees, rising numbers in financially distressed counters and a possible abuse of the new personal data protection rules.
The association said in a statement that the three key issues could undermine the survival of Malaysia’s over 6,000 retail market intermediaries, including remisiers and paid dealers, who handle more than four million central depository system or CDS accounts in the retail sector.
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