FMC, BNM announce operation of segregated securities
Published on: Tuesday, May 22, 2018
Kuala Lumpur: The Financial Markets Committee (FMC) and Bank Negara Malaysia (BNM) have announced the operationalisation of segregated securities accounts via the Real-time Electronic Transfer of Funds and Securities System (Rentas) for payments to further develop the Malaysian bond market.In a statement on Monday, BNM said the Rentas segregated securities account is to be operationalised in two phases, with the first commencing on May 21, while full compliance under the second by Sept 30 is to allow for an efficient transitioning into the segregated account rules."After Sept 30, all transactions involving Rentas debt securities will only be facilitated through the segregated securities account.
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"Given the depth and breadth of the onshore bond market, there is sufficient liquidity to continue facilitating the settlement of ringgit bonds onshore," BNM said. Operated by Payments Network Malaysia Sdn Bhd, Rentas was part of the strategy to enhance transparency, visibility and strengthen surveillance."Investors will be provided with greater access to information on the Malaysian bond market, hence, facilitating more informed decision making and better risk management.Stay up-to-date by following Daily Express’s Telegram channel.
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