FAQs for the BMS Rules in relation to IDSS
Version 1
Apr 2018
1
Frequently Asked Questions for the Rules of Bursa Malaysia Securities Berhad (“BMS Rules”) in
relation to Intraday Short Selling (“IDSS”)'

General information

1. Q: What is IDSS?
A: IDSS allows clients to sell first and buy the securities later. All sell positions must be closed
off with buy positions on T-day itself. IDSS is allowed during all trading phases except
during Trading at Last where only the buy order is allowed.

2. Q: Can IDSS be carried out for all securities?
A: No, IDSS can only be carried out for Approved Securities.

3. Q: How do we get the list of Approved Securities and frequency of updates?
A: The Approved Securities list is issued in a PO’s Circular which is published at this link:
http://www.bursamalaysia.com/market/regulation/rules/bursa-malaysiarules/securities/rules-of-bursa-malaysia-securities
From 2018 onwards, the list will be updated twice a year in May and November.

4. Q: Who can trade in IDSS?
A: All clients are allowed to trade in IDSS if the clients comply with all the prescribed conditions
for executing IDSS as set out under the BMS Rules as well as other requirements as may
be imposed by the Participating Organisations (“POs”).

5. Q: What are the conditions for executing IDSS that need to be complied with by a client?
A: (i) the client has entered into an agreement to borrow Eligible Securities or purchase
Islamic Securities Selling and Buying – Negotiated Transaction (“ISSBNT”) Eligible
Securities to settle all potential failed trades which may occur in the event any IDSS
are not closed off by the end of the day;
(ii) the client has signed the prescribed risk disclosure statement; and
(iii) the client has submitted a written declaration that the client:
(a) fully understands the requirements in the BMS Rules in relation to IDSS; and
(b) is not associated with the body corporate that issued or made available the
Approved Securities in relation to which an order for short sale is to be entered.


6. Q: When is IDSS go-live date?
A: IDSS go-live date is 16 April 2018.

7. Q: When is IDSS system pre-live date?
A: IDSS system pre-live date is 14 April 2018.

Controls and rules

8. Q: Under Rule 8.34 of the BMS Rules , who would be considered as an “associated
person”?
A: The “associated person” referred to in Rule8.34 has the same meaning as set out in section
3 of the Capital Market and Services Act 2007 (“CMSA”).

9. Q: Will Bursa Securities Malaysia Berhad (“Bursa”) provide Participating Organisations
(“POs”) with the “suitability assessment” on potential IDSS clients?
A: No. The suitability assessment to be adopted by each POs will depend on their internal
approved policies and procedures. This is consistent with the stance of Bursa on KYC
requirements for all products of Bursa.

10. Q: Can an IDSS be carried out or be closed off by way of Direct Business Transaction
(“DBT”) or On-Market Married Transaction (“OMMT”)?
A: No IDSS transaction to be performed by way of DBT or OMMT. It can only be performed
by way of On Market Transaction.

11. Q: What are the client’s option to settle his/her position in the event that the IDSS trade
is not covered by the end of day?
A. The Client can perform either one of the following:
(i) To borrow the shares via the Securities Borrowing and Lending (“SBL”) agreement.
(ii) To perform manual buying in process / let the transaction be subjected to auto
buying in.
(iii) To transfer the shares from another CDS account, subject to transfer rules.
(iv) To utilise his/her existing shares to cover the positions.
However, please note that the failure to close off the sell position by buying back by the
end of trading day is considered a breach of the BMS Rules.

12. Q: Will the POs be penalised if the clients do not close of the sell position by
end of trading day?
A: The failure to close of the sell position by end of trading day is considered a breach of the
BMS Rules, and Bursa may take the necessary enforcement actions depending on the
facts and circumstances.
Bursa expects the POs to review the clients who consistently fail to close of the sell position
and assess their suitability in trading in IDSS periodically.

13. Q: Are Proprietary Trading Investment (“IVT”) traders required to have the SBL
agreement when trading in IDSS?
A: No, they do not if the PO is already an SBL Approved Borrower.

14. Q: How does a PO apply to be an SBL Approved Borrower?
A: Please refer to the department Intermediaries Affair ,Regulation for more information.
Tagging of Orders

15. Q: Is a PO required to tag an IDSS order?
A: Yes. Please refer to the POs’ Trading Manual for further information.

Suspension of IDSS
16. Q: What are the scenarios where IDSS will be suspended?
A: The possible scenarios are as follows:
▪ Gross short selling volume (RSS + IDSS + short sellin

1 Q is curious to know r all banks IDSS d same? Cos thr r some crazy IDSS at even 4.45

IDSS conviction is admirable but wil jz make thm die harder

I m long n strong

IDSS vs MSCI

IDSS wil big die

Meanwhile, under the MSCI Global Small Cap Indexes, the additions were Aeon Co (M) Bhd, FGV Holdings Bhd, Hibiscus Petroleum Bhd, MyEG and UMW Holdings.



Knn tis d most significant good news

Now every funds tat is worth their salt wil hv to hv Hibiscus as part of their portfolios

Stabilise at 70

OPEC's secretary general has told CNBC that oil price volatility is due to anxiety ahead of the 14-member oil producer group's next meeting in Vienna in December.

"What is happening at the moment, in our opinion, is the normal volatility that comes in the run up to our conferences. As you know, we reconvene in Vienna on the 6th and 7th of December … and this period between now and December is a period of anxiety for all stakeholders," Barkindo told CNBC Europe's Squawk Box at the ADIPEC conference in Abu Dhabi.

He said the organization of oil producers, whose defacto leader is Saudi Arabia, remained focused on stabilizing oil markets, which have seen supply and demand out of kilter for several years.

U hv IDSS to force price down or not??

How to make a living out of IDSS??

I m getting closer

Tat ID part in IDSS means IDSS hv to buy intra day later

Dow big drop oil small drop Hibiscus recover at end long wit power

Final wit d upper hand is d long tat is me as alex ahboy mum can attest

Equally determined d long n d short

More IDSS die now better give up n stop ur IDSS now n go long instead

So it is confirmed 1.10 sell q mostly IDSS can u c?

Yr end Jun

Now IDSS put big fake sell q hope can cut loss

Can forget abt Hibiscus for IDSS cos even today it is not drop so much to gain fr IDSS

Select good Hibiscus for IDSS is not wise d

Knn some more IDSS at tis low price

IDSS avg price now 1.09 all die today

Hv made up my mind to stay n look at d qr

Saudi Arabia to ship less oil in December as it considers a coordinated output cut

PUBLISHED 13 HOURS AGO UPDATED 11 HOURS AGO
REUTERS

An oilfield development in Saudi Arabia's vast al-Rub al-Khali desert.
BILAL QABALAN | AFP | Getty Images

An oilfield development in Saudi Arabia's vast al-Rub al-Khali desert.
Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut.

Khalid al-Falih told reporters that Saudi Aramcos customer crude oil nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand. The cut represents a reduction in global oil supply of about 0.5 percent.

Saudi Arabia has increased output by just about 1 million bpd this year under pressure from U.S. President Donald Trump and other consuming countries to help balance the market to compensate for lower supplies from Iran due to U.S. sanctions.


But since Iran's customers were given generous waivers to continue buying crude, concerns grew about market oversupply and oil prices fell to below $70 per barrel on Friday from $85 a barrel in October.

"We have been increasing production in response to demand," Falih told reporters in Abu Dhabi ahead of a joint OPEC, non-OPEC market monitoring committee meeting.

"I'll tell you a piece of news which is (that) December nominations are 500,000 barrels less than November. So we are seeing a tapering off part of it is year end, part of it is maintenance.... so we will be shipping less in December than we are in November.

Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million bpd, two sources told Reuters earlier on Sunday, as the world's top oil exporter grapples with a drop in crude prices.

The sources said any such deal would depend on factors including the level of Iranian exports after the United States imposed sanctions on Tehran but granted Iran's top oil buyers waivers to continue buying oil.

Russian participation was key to helping OPEC rebalance the market during 2017-18. But Russian Energy Minister Alexander Novak said on Sunday he wasnt certain the market would be oversupplied next year.

He said the oversupply for the next few months would be seasonally driven while by mid 2019 the market could be balanced again and demand could even exceed supply.

Leap of faith at 0.52 wil soft land safely on good qr results

Emerge more sanguine abt O&G after another gud round with alex ahboy aka Bersatu mum

*by

Trump oso has to b tough wit Saudi ovr Jamal Khosokawasaki if he wants to win in 2 yrs time

Oso modterm is now over Trump oso won't bother

By now Saudi OPEC n Russia knew they hv bin played out Trump

Asked them to cut production but did not ask US oil producers to cut oso thn gave waivers

So now they won't listen anymore wil pump 1m bpd more

In theory looks gud bt lots of mosquitos

*chance

Go long at tis level hv a better change ler

Except u they knew at tis level no more meat to IDSS Hibiscus d ?

Oso whr r paetners in crime who q crazy sell q yesterday?

*or not?

But can sell at 1.13 n buy back 1.11?

Say today all IDSS 3400000 all urs

At 0.02 gain 68000 huat ar

Ya ya ya

Shorted 1.13 say highest for u

Bot back 1.11 say lowest for u

Gain 0.02 for u huat ah

Jz crazy to pick Hibiscus for IDSS

Today range 1.13 to 1.11

U do IDSS made a lot?

Jz razy crazy crazy to do IDSS

Panic buy panic buy now

Baru done ur IDSS? Not much time for u buy in better panic buy

Whr hv those crazy sell q gone? Auta?

Hw to make a living out of IDSS?

Wit d good qr coming out in days ppl r not willing to sell

Let's c today if d crazy sell q stil thr

Jz to scare ppl la

New Malaysia ya transparent but tis is jz too much

Whr got ppl q big big like tat to sell one?

Q to sell is like Hibiscus going into PN17 n having a 100 to 1 RI at 1.00

Isn't doom d lowest of boom?

A lot more ideas not adopted nvr c u say anything

*adopted