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SC, Bursa to proceed to take care of and regulate market buying and selling

SC, Bursa to proceed to take care of and regulate market buying and selling 1

KUALA LUMPUR: Each the Securities Fee (SC) and Bursa Malaysia Bhd have assured buyers that they are going to be capable of totally perform and assist {the marketplace} whereas abiding by the motion management order put in place by Prime Minister Tan Sri Muhyiddin Yassin, based on a joint assertion launched by the 2 regulators.

Whereas acknowledging the present market volatility inside a difficult and unsure setting, the SC and Bursa mentioned they are going to keep steady buying and selling and market operations, to facilitate buyers in managing their dangers and alternatives throughout this era.

“It is vital for the markets to stay open, as closing the markets would neither mitigate nor handle the underlying causes of market volatility. As an alternative, it can create higher uncertainty and hostile market sentiment by denying buyers’ entry to their investments,‘ they mentioned.

The regulators additionally mentioned they’ve enterprise continuity measures in place, together with backup websites, restoration amenities and various communications channels to function the market in a pandemic state of affairs.

Equally, all market intermediaries have in place enterprise continuity frameworks to make sure continuity of their enterprise.

“Malaysia has a resilient home market and capital market ecosystem. Our market continues to be supported by deep home liquidity amongst our giant establishments. Throughout difficult market circumstances, buyers want certainty and continuity.

“Market administration measures are in place and recognized to individuals to handle extreme volatility. Strong clearing funds, margins and deposits are additionally in place to make sure clearing and settlement dangers are managed,“ they mentioned.

Each the SC and Bursa mentioned they are going to proceed to observe the continued developments to proactively handle dangers within the market and can introduce extra precautionary measures as acceptable.

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