KUALA LUMPUR (Jan 6): Bursa Malaysia will incur an annual fixed regulatory fee of RM28 million to the Securities Commission following new directives that took effect on Jan 1, 2026. 

The changes also introduce a 37.5% levy rate on trading and clearing fees for derivatives contracts, although market participants will not face direct cost increases. 

The exchange announced these updates in a filing on Monday (Jan 5) night, confirming it will absorb the derivatives levy as part of a capped multi-year payment structure.

Bursa itself will absorb and remit this derivatives levy to the SC for three years until 2028, using a portion of the existing trading and clearing fees it collects.

Additionally, specific Bursa Group entities operating regulated platforms must pay an annual fee based on their gross revenue. 

Other additional fees applicable to Bursa group pursuant to the regulations include an annual fee of 0.3% of gross revenue earned from operating each regulated platform, or RM20,000, whichever is higher — namely by Bursa Malaysia RAM Capital Sdn Bhd (BR Capital) and Bursa Malaysia Bonds Sdn Bhd.

Further, there is a trading fee of 0.0075% of total amount of sale and purchase of securities transactions on a recognised market — namely BR Capital.

Notably, the total SC fees payable by Bursa are capped at increasing amounts through 2028.  

As per Bursa’s announcement on Oct 17, 2025, the total amount of SC fees payable by Bursa will be capped at RM35 million in 2026, RM40 million in 2027, and RM45 million in 2028, respectively, as confirmed in the SC’s letter dated Jan 5, 2026.

The cap on the SC fees payable by Bursa includes a limit on the derivatives levy of RM7 million in 2026, RM12 million in 2027, and RM17 million in 2028, respectively.

The company said it would manage these costs, including pursuing external funding for market development.