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The Securities Commission (SC) and Bursa Malaysia Securities Bhd is inviting the public to provide feedback on the proposed new guidelines and requirements to the regulatory framework for listings and equity fund-raising.

These would form part of the changes undertaken by the SC andBursa Malaysia to enhance and strengthen the positioning of the local equity market.

The market regulator and the operator of the local bourse said in a joint press release yesterday that consultation papers have been published seeking feedback on the proposed changes.

“The changes include the creation of a unified board for established corporations and the repositioning of the existing Mesdaq Market to a sponsor-driven alternative market for corporations from all business sectors (new Mesdaq),” they said.

They said under the new framework, existing corporations listed on the Main Board and the Second Board are proposed to be transferred to the unified board while those listed on the existing Mesdaq Market, to the new Mesdaq.

Related Posts:

• Weekly Links Roundup as at 19 September 2008
• How to Get Lower Brokerage Rate !
• New GN3 – BCT and Mobif
• Foreign Fund dominate Bursa Trading
• Bursa current run due to foreign funds

I will start a weekly roundup on websites that I found or visited during the week that I think make interesting reading.

This week links roundup are:

Bursa Malaysia Rules and Regulations pages. Interesting read for those who want to know more about the industry.

The Malaysian Securities Commission website is for those who want to find out about the regulatory on stocks trading in Malaysia.

I love cars and one of the best Malaysian online blog is by Paul Tan. His article on new Honda City really make ones mouth water.

Maintaining a blog is not easy and I frequently refer to few blogs to find out how to make one blog stand out. Yoast blog is one I followed daily.

Occasionally, during one surfing of the web, one find interesting websites. This week I came across a website on psoriasis and psoriatic arthritis. My wife got some kind of eczema which can’t seem to clear. Maybe she should see a skin specialist as it could be psoriasis.

Yesterday, the KLCI went below the 1,000 points but it recovered today and trading around 1,009 points at 12.00noon. The Star Online pick up the news yester where other regional market also was down.

Related Posts:

• Unification of Main and Second Board
• How to Get Lower Brokerage Rate !
• New GN3 – BCT and Mobif
• Foreign Fund dominate Bursa Trading
• Bursa current run due to foreign funds

Extra! Extra!

Latest news on brokerage rate for ECOS and Cash upfront trade!

A Pro Trade Shares scoop! This article is dated 28 August 2008.

End of December 2007, the Association of StockBroking Company of Malaysian (ASCM) wanted the Securities Commission (“SC”) of Malaysia to set a floor or minimum brokerage rate for ECOS and Cash upfront trading. Refer to my earlier posting on BURSA MALAYSIA STOCK TRADING FEES AND CHARGES.

SC was not agreable to a minimum brokerage rate. Bursa Malaysia on 31 December 2007 issued a circular on the new rules to all Brokers that the brokerage rate for ECOS and Cash Upfront trading will be fully negotiable without any minimum amount.

However majority of the big Brokers have decided to have a ‘gentlemen’ agreement that the minimum limit for ECOS is RM28 and for Cash Upfront trade is RM40.

NOTE: Fully negotiable brokerage rate is only applicable to Purchase contract only as defined by the Ministry of Finance and NOT Sales contract.

(1) ECOS Trade

If you keyin to buy via the internet, you can request to your Broker to give you a lower than the standard brokerage rate of 0.6%. You can even request for the ‘Floor’ rate which is the minimum rate.

(2) Cash Upfront

The defination for Cash Upfront is that you have cash in the account BEFORE you Buy. Again you can get your DR to request lower rate.

TIPS : As the Floor rate is based on few big Brokers ‘Gentlemen’ agreement, you can shop around for lower minimum rate with smaller Brokers (also known as ‘Boutique’ Brokers). They would probably ‘undercut’ the big Brokers in order to get the business.

The above is my Tips on HOW TO GET LOWER BROKERAGE RATE. I hope you benefit from my posting.

Related Posts:

• Unification of Main and Second Board
• Weekly Links Roundup as at 19 September 2008
• New GN3 – BCT and Mobif
• Foreign Fund dominate Bursa Trading
• Bursa current run due to foreign funds