Malaysia bolsters ETF growth with revised foreign ETF rules

The Securities Commission Malaysia (SC) has revised the guidelines on ETFs to allow some foreign funds to be cross-listed on Bursa Malaysia. As a result of the revision, a fund manager can pursue secondary listing of a foreign ETF on the Bursa Malaysia, if it is from a recognised jurisdiction as stipulated in the guidelines. However, the Bursa states that "it is also possible now" to cross-list a foreign ETF from a non-recognised jurisdiction which has a regulatory regime similar to Malaysia's The revision of the guidelines, which came into effect on June 12, entails two new cha...