KUALA LUMPUR: Bank Negara Malaysia and Financial Markets Committee (FMC) announced the operationalisation of segregated securities accounts at the large value payment system, real-time electronic transfer of funds and securities system (RENTAS). In a statement, Bank Negara said this is part of the measures to further develop the Malaysian bond market that have been announced in the second series of initiatives by the FMC and the bank on April 13, 2017. Operated by Payments Network Malaysia Sdn Bhd (PayNet), the RENTAS segregated securities account will be operationalised in two phases to allow for efficient transitioning into the segregated account rules. After September 30, 2018, all transactions involving RENTAS debt securities will only be facilitated through the segregated securities account. “To facilitate investors’ transition into the segregated accounts, investors may consult with all local and global custodian banks, including International Central Securities Depository (ICSD) which will be onboard the RENTAS segregated securities accounts,” said Bank Negara.

Source: New Strait Times May 21, 2018 10:41 UTC