Bursa Assist (formerly known as Bursa 2U)

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Who can participate in Islamic Securities Selling and Buying - Negotiated Transaction (ISSBNT)?

In the ISSBNT Operational Guidelines for Approved Suppliers and Approved Users by BMSC (Bursa Malaysia Securities Clearing), ISSBNT Participants consist of Approved Suppliers and Approved Users.

 

The qualifying criteria to become an Approved Supplier and Approved User are as follows:

 

Approved Supplier

Approved Supplier is an individual or corporate body who holds a valid account with Bursa Malaysia Depository Sdn. Bhd. (“Depository”).

 

Approved User

Approved Users must be from one of the following categories:

  • A licensed bank, licensed investment bank or approved money-broker institution as defined under the Financial Services Act 2013 and its wholly-owned subsidiary that is a nominee company.
  • A financial institution established under any Act of Parliament and its wholly-owned subsidiary that is a nominee company.
  • A licensed Islamic Bank as defined in the Islamic Financial and Services Act 2013 and its wholly-owned subsidiary that is a nominee company.
  • A prescribed institution as defined in the Development Financial Institutions Act 2002 and its wholly-owned subsidiary that is a nominee company.
  • A bank licensee as defined under the Labuan Financial Services and Securities Act 2010 and its wholly-owned subsidiary that is a nominee company.
  • A holder of a Capital Markets Services License (“CMSL”) for the purpose of carrying on the business of fund management, its wholly-owned subsidiary that is a nominee company and its custodian appointed pursuant to section 121 of the Capital Markets and Services Act 2007 (“CMSA”).
  • A closed-end fund that is approved by the SC under section 212 of the CMSA and its custodian in relation to closed-end fund’s investments.
  • A foreign fund manager.
  • A person appointed by the Depository to be an authorised depository agent and its wholly-owned subsidiary that is a nominee company.
  • A person appointed by the Depository to be an authorised direct member and its wholly-owned subsidiary that is a nominee company.
  • A clearing house approved under section 38 of the CMSA.
  • A holder of a CMSL for the purpose of carrying on the business of dealing in securities and its wholly-owned subsidiary that is a nominee company.

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