Bursa Malaysia to re-classify investor types after calls for transparency

Reuters02-23 16:48
Bursa Malaysia to re-classify investor types after calls for transparency

SINGAPORE, Feb 23 (Reuters) - Malaysia's stock exchange operator will re-classify investor types in its market statistics publications to better reflect who is participating in trading, it said in a statement on Monday.

From April 6, Bursa Malaysia BMYS.KL will distinguish between large and small investors using nominee structures - which separate legal and beneficial ownership - to capture retail trades placed by some online platforms.

"These enhancements are in response to market feedback requesting greater transparency in measuring the trading participations," the bourse said in an emailed statement.

The changes come about a month after index provider MSCI MSCI.N warned neighbouring Indonesia that it risked a downgrade to frontier market status over opaque ownership and trading practices in the equity market.

(Reporting by Tom Westbrook; Editing by Jan Harvey)

((tom.westbrook@tr.com; +65 6973 8284;))

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