The Monetary Authority of Singapore sought clarification from Malaysia's securities regulator regarding a proposed stock trading link between the two countries after reports that Malaysia's new government would review the project, Channel NewsAsia reported June 6.
In response to queries, Singapore's central bank said it asked the Securities Commission Malaysia to clarify its position on the proposed project between Bursa Malaysia and the Singapore Exchange. It follows Malaysian Prime Minister Mahathir Mohamad's comments that his government would review the project, which was announced by the previous administration in February.
The MAS said it will wait for the Securities Commission Malaysia's update on the matter.
The proposed stock trading link would allow investors in Malaysia and Singapore to trade and settle shares listed on each other's bourse conveniently and at lower costs.
