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THE Securities Commission (SC) will undertake direct supervision of the KLSE after its demutualisation and listing, the exchange's executive chairman Datuk Mohd Azlan Hashim said. A regulatory framework would be formulated and established for this purpose, he said.
Many CEOs say that they expect the Kuala Lumpur Stock Exchange (KLSE) to perform even better in 2004.
KLSE Bhd, the holding company of the demutualised local stock exchange, has appointed Tun Mohamed Dzaiddin Abdullah as chairman and Yusli Mohd Yusof as chief executive officer.
Former remisiers, who are currently salaried securities dealers, are eligible for the allocation of shares to be issued upon the demutualisation of the KLSE.