Bursa Malaysia Berhad (Bursa Malaysia) is deferring the launch of regulated short-selling/securities borrowing and lending (RSS/SBL) to January 2007.

Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia Berhad, said, "RSS/SBL is a catalyst for the long-term development of our capital market. Our priority remains in ensuring that its introduction is smooth and well-managed. We are operationally ready to launch on October 16, 2006 and have received confirmation from several brokers of their system readiness as well."

Yusli added, "However, we have received further requests from the industry to relook at some operational aspects of the proposed SBL model. We want to make sure their concerns are addressed and are therefore delaying implementation to review the issues raised."