KUALA LUMPUR: The Securities Commission (SC) has announced measures to liberalise Malaysia’s RM1.3 trillion bond and sukuk market for retail participation, and launched a centralised information platform on corporate bond and sukuk.
The centralised information platform, known as BIX (bond and sukuk information exchange), was launched by Second Finance Minister Johari Abdul Ghani and SC chairman Tan Sri Ranjit Ajit Singh this morning.
“Information on the bond and sukuk market is fragmented across multiple sources and typically only accessible by institutional investors.
“To enhance the transparency of the market, SC in partnership with the industry, have created a centralised bond and sukuk information platform which we are launching today.
“The platform will be a public utility and a cornerstone component of our overall bond and sukuk market infrastructure,” he said.
Ranjit said that the centralised information platform will be an important component of the overall bond and sukuk market infrastructure and the first of its kind to consolidate price and credit information combined with an advanced search functions.
He said other useful tools are also equipped to BIX to help investors make more informed investment decisions and increase greater participation in the bond and sukuk market.
Besides that, Ranjit said SC is undertaking a pilot project to explore the usage of Digital Ledger Technology in the unlisted and over-the-counter markets space.
He said the findings from the pilot will form the basis of an industry blueprint.
At the same time, Ranjit said SC is reviewing relevant regulations and guidelines to facilitate functional and effective use cases of digital assets in the capital market, including secondary market trading of established cryptocurrency and digital assets.
He said the framework for the cryptocurrency and digital assets will be launched in the “next few months”.