THE Securities Commission Malaysia (SC) and Bursa Malaysia have extended the temporary suspension of short-selling till Dec 31 this year.
In a joint statement, the market regulators said there the scope of the suspension remains unchanged in that it applies to Intraday Short Selling (IDSS) and Regulated Short Selling (RSS) as well as intraday short selling by Proprietary Day Traders.
“Permitted Short Selling (PSS) is not affected by the temporary suspension of short selling as PSS is necessary for market makers to market make the relevant securities such as exchange traded funds efficiently,” noted the statement.
On April 28, the market regulators had extended the temporary suspension which was scheduled to expire on April 30 to June 30.
The temporary suspension which began on March 24 is part of a slew of proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties as a result of the Covid-19 pandemic. – June 27, 2020
