Publication: Financial Sector Assessment Program : Malaysia - Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures
Date
2013-02
ISSN
Published
2013-02
Author(s)
International Monetary Fund
World Bank
Abstract
The present document is the assessment
of systemically important financial market infrastructures
in Malaysia based on the Committee for Payment and
Settlement Systems (CPSS) and International Organization of
Securities Commission (IOSCO) Principles for Financial
Market Infrastructures (PFMIs). The assessment was conducted
in the context of field missions of the Financial Sector
Assessment Program (FSAP) to Malaysia in July 2012. The
information used in the assessment included all relevant
laws, rules and procedures governing the systems, material
available on these FMIs in the public domain and from the
central bank and the securities commission. The Capital
Market and Services Act 2007 (CMSA) provides the overall
framework for operation of various entities in the security
markets like stock exchange, clearing houses and trade
repositories. The Securities Industry (Central Depositories)
Act 1991 (SICDA) provides the overall regulatory framework
for depositories and immobilization of securities in
approved depositories. The CMSA requires the licensed
exchanges and clearing houses to prioritize public interest,
safety and efficiency aspects over their commercial
objective and also establish rules and procedures and in
particular in relation to handling of participant defaults.
Citation
“International Monetary Fund; World Bank. 2013. Financial Sector Assessment Program : Malaysia - Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures. © World Bank, Washington, DC. http://hdl.handle.net/10986/16022 License: CC BY 3.0 IGO.”