KUALA LUMPUR: Bursa Malaysia Bhd
today issued a consultation paper to seek feedback on proposed amendments to facilitate Phase 2 of the dematerialisation of securities deposited with Bursa Malaysia Depository Sdn Bhd.
In a statement today, the exchange operator said the proposed amendments involve the Rules of Bursa Malaysia Depository Sdn Bhd and consequential amendments to the MAIN Market and ACE Market Listing Requirements.
"Dematerialisation entails removing the requirement for the issuance and custodisation of physical jumbo certificates as evidence of title or ownership of deposited securities.
"The proposed amendments are intended to support more efficient and sustainable depository processes by reducing reliance on paper documentation and streamlining key steps in the deposit of securities process,” it said.
Bursa Malaysia said the public consultation seeks feedback on the proposed amendments, which include, among others, the simplification of the securities deposit process, enhancements to the role of issuers and share registrars in such process, and the introduction of transitional provisions for the return and cancellation of physical scrips.
Bursa Malaysia has implemented Phase 1 of dematerialisation since Aug 1, 2025, with much success, with over 2,700 dematerialised issuances in respect of specified securities.
Phase 2, which is the subject of the consultation, will extend the dematerialised framework to all securities, marking a significant step towards a scripless environment.
The public consultation will run for six weeks from Sept 1, 2026 to Oct 13, 2026. - Bernama
