SIDC Module 6 Trading on Bursa Malaysia Securities question: Regulated Short Selling order for an Approved Security

SIDC Module 6Trading on Bursa Malaysia Securities

A dealer's representative wants to enter a new Regulated Short Selling order for an Approved Security. Which of the following entries are permitted? (i) At 8.45 a.m., during the pre-opening phase (ii) At 4.55 p.m., during Trading at Last, at the closing price (iii) During the main trading phase, at the best prevailing ask price (iv) With Bursa Good-Till-Cancel validity

A (i) and (ii) only
B (i) and (iv) only
C (ii) and (iii) only
D (iii) and (iv) only

Show the answer and explanation

Answer: C. (ii) and (iii) only

The Trading Manual (paras 2.5.7, 7.1.2, 7.1.4 and 7.2.3 to 7.2.5) allows new RSS orders in the main trading phase and in Trading at Last, but not in pre-opening or pre-closing. In main trading the order must meet the at-tick rule, that is at or above the prevailing best ask, so (iii) is allowed. In Trading at Last new RSS orders may be entered at the closing price only, so (ii) is allowed. Statement (i) fails because no new RSS order can be entered during pre-opening. Statement (iv) fails because only day orders are allowed for short selling, so a Good-Till-Cancel RSS order is not permitted. Source: Participating Organisations' Trading Manual paras 2.5.7, 7.1.2, 7.1.4, 7.2.3-7.2.5; Rules of Bursa Malaysia Securities Rule 8.26(1)(d) (as at October 2026).

Common mistake

Candidates assume short selling follows the same phase table as ordinary limit orders, or forget that only day orders are allowed.

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Original study material mapped to the public SIDC Module 6 syllabus. Unofficial, not endorsed by SIDC or the SC. Verify figures and rules against current guidance before relying on them.