KUALA LUMPUR: Bursa Malaysia Bhd
has clarified that losses arising from incidents of unauthorised access and trading activities last Thursday (April 24) have been identified and contained, following close consultation with the Securities Commission (SC).
In a statement issued late Sunday evening, Bursa Malaysia said the incidents involved online client trading accounts maintained by a few brokers.
In addressing the consequences, the capital market regulators have worked with the industry to resolve the impact of the unauthorised trades in a fair and transparent manner.
The unauthorised trades issue was confined to Bina Puri Holdings Bhd and its Warrant-B, which were traded last Thursday afternoon.
Bursa Malaysia emphasised that no further unauthorised trades have occurred since.
In the interim, Bursa Malaysia has issued a directive to the relevant brokers, requiring that the affected securities and proceeds be retained for 14 days, or as long as necessary, to facilitate investigations.
All brokers had been advised to strengthen their internal controls and enhance their cyber defence mechanisms as a precautionary measure.
A forensic audit will be undertaken to investigate the root cause of the incident and determine how the breaches occurred.
“Bursa Malaysia reiterates that the robustness and security of Bursa Malaysia’s trading and clearing systems is intact. The market remains accessible and orderly for market participants,” it said.
