Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 26): Bursa Malaysia will implement straight through processing (STP) to register stock broking firm representatives starting next month (December 1).

In a statement today, exchange operator and regulator Bursa Malaysia said the STP to register dealers and futures brokers representatives besides broking firms' directors, was expected to improve the efficiency of the registration process.

"STP will enable a seamless registration process for registering the relevant individuals.

"This initiative to implement STP on registration was undertaken in line with
Bursa’s continuing effort to reduce cost and regulatory friction for its participants as well as improving efficiency of its services and time to market by leveraging on technology," Bursa Malaysia said.

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