Published: 2009/06/12
THE Securities Commission (SC) has revised its guidelines to allow exchange-traded funds (ETF) listed on another exchange to be listed on Bursa Malaysia as well.The revised guidelines come into effect today. A fund manager will be able to list a foreign ETF on Bursa Malaysia provided that it comes from a recognised jurisdiction.Currently, the recognised jurisdiction is the Dubai International Financial Centre.
However, it is also possible to cross-list a foreign ETF from a non-recognised jurisdiction if it has a regulatory regime comparable to Malaysia, the SC said in a statement."The SC consulted selected fund managers in formulating the revision," it said.There are currently three ETFs listed on Bursa Malaysia: ABF Malaysia Bond Index Fund, FBM 30 ETF and MyETF Dow Jones Islamic Market Malaysia Titans 25.The revised ETF guidelines, which involve mainly the addition of two new chapters, can be seen on www.sc.com.my.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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