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KUALA LUMPUR (Sept 1): Bursa Malaysia Bhd (KL:BURSA) is seeking feedback on proposed changes to move towards a fully paperless securities market.
In a statement on Tuesday, the stock exchange regulator said the proposed amendments would remove the need for physical jumbo certificates as proof of ownership and simplify the securities deposit process.
The changes would also enhance the roles of issuers and share registrars and provide transitional arrangements for returning and cancelling physical scrips.
The initiative is part of Bursa’s efforts to digitalise market processes, improve efficiency and reduce costs and operational risks linked to physical documents.
The latest phase will extend dematerialisation to all securities, following Phase 1 in August 2025, which saw more than 2,700 dematerialised issuances.
The six-week public consultation runs from Sept 1 to Oct 13 this year.