BR Capital gets SC's approval-in-principle to operate debt fundraising platform

Bursa Malaysia CEO Datuk Muhamad Umar Swift.

KUALA LUMPUR: Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), a joint venture between Bursa Malaysia Bhd and RAM Holdings Bhd, has received the Securities Commission Malaysia’s (SC) approval-in-principle to manage and operate a new debt fundraising platform.

The provisional approval, received on June 2, was in relation to BR Capital’s application to be registered as a recognised market operator under the SC’s Guidelines on Recognised Markets, Bursa Malaysia said in a statement today.