Friday 19 Apr 2024
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KUALA LUMPUR: Bursa Malaysia will implement the straight through processing (STP) to register stockbroking firm representatives effective on Dec 1.

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

“[The] STP will enable a seamless registration process for registering the relevant individuals.

“This initiative to implement [the] 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 said.

 

This article first appeared in The Edge Financial Daily, on November 27, 2014.

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