ubs-licensed-to-borrow-stocks-in-malaysia

UBS licensed to borrow stocks in Malaysia

UBS Securities Malaysia becomes the first foreign broker in Malaysia to be granted authorised borrower status under new securities lending laws.

By Lara Wozniak

March 05, 2007

As part of the Malaysian Securities CommissionÆs efforts to develop and deepen the countryÆs capital markets, Bursa Malaysia has reintroduced regulated short-selling and securities borrowing and lending activities and has granted UBS Securities Malaysia authorised borrower status under the scheme.

ôWe are delighted at being allowed to participate in the securities borrowing and lending SBL framework. ItÆs an honour to be named as the first foreign
participant of the scheme and a testament to the esteem in which UBS is held in
MalaysiaÆs capital markets,ö says Joe Cavatoni, head of equity swaps in Asia for UBS.

ôBursa Malaysia clearly understands the needs of issuers and the requirements of the investor community and the re-introduction...

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