Securities Commission Malaysia

02/22/2021 | Press release | Distributed by Public on 02/22/2021 04:51

SC and Bursa Extend Suspension of Intraday and Proprietary Day Traders Short Selling to 29 August 2021

22 February 2021 | Kuala Lumpur
The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) will extend the temporary suspension on Intraday Short Selling (IDSS) and intraday short selling by Proprietary Day Traders (PDT Short Sale) to 29 August 2021.

The temporary suspension of IDSS and PDT Short Sale is due to expire on 28 February 2021. It took effect on 24 March 2020 as part of the regulators' proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties.

The additional six-month suspension of IDSS and PDT Short Sale, which are used mainly as a day trading strategy, will enable Bursa Malaysia to enhance the control measures for intraday short selling activities in order to promote market stability and strengthen the integrity of the capital market.

With this extension of the suspension, temporary waivers related to PDT will also be extended to 29 August 2021. These extensions do not affect Regulated Short Selling (RSS), which is currently in place following the lifting of its suspension on 1 January 2021.

The SC and Bursa Malaysia will continue to monitor developments affecting the securities market and evaluate the adequacy of existing measures to support a fair and orderly market as well as mitigate potential risks.