SIDC Module 6 Trading on Bursa Malaysia Securities question: further obligation arises for the POs

SIDC Module 6Trading on Bursa Malaysia Securities

Two POs report a Direct Business Transaction of 80,000 shares at RM3.36. The shares' previous-day VWAP was RM4.00 and they are trading normally. What further obligation arises for the POs?

A Cancel the reported transaction and re-execute it on-market within the 15% price band
B Obtain the Exchange's prior approval at least 3 Market Days before reporting the transaction in the ATS
C None beyond reporting the transaction in the ATS within the DBT reporting hours of that day
D Submit buyer and seller details, price basis and reason to the Exchange by 12.30 p.m. on the next Market Day

Show the answer and explanation

Answer: D. Submit buyer and seller details, price basis and reason to the Exchange by 12.30 p.m. on the next Market Day

RM3.36 is 16% below the previous-day VWAP of RM4.00, so the price falls within Schedule 4 (15% or more away for securities of RM1 or more). Under Rule 10.09(2) the PO must submit the details of buyer and seller, quantity and price, the basis of the price and the reason for the DBT by 12.30 p.m. on the next Market Day, obtain the client's declaration and keep the documents for 7 years. Prior approval 3 Market Days ahead (Rule 10.01(1)(d) and (2)) applies only where the quantity is below 50,000 units. Rule 10.09(1) does allow any agreed price, but the reporting duty in Rule 10.09(2) still attaches. Nothing prohibits the trade or allows it to be cancelled. Source: Rules of Bursa Malaysia Securities Rules 10.01(1)(d), 10.09(1)-(2), Schedule 4; Trading Manual para 9.1.9 (as at October 2026).

Common mistake

The prior-approval route is for small DBTs under 50,000 units; larger off-price DBTs need after-the-event reporting instead.

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Study note: Trading on Bursa Malaysia Securities SIDC Module 6 practice questions & mock exams

Related SIDC Module 6 questions

A share's Reference Price today is RM2.40 and it is not a first day of listing. What is the highest price at which the ATS will accept a board-lot buy order?A dealer's representative wants to enter a new Regulated Short Selling order for an Approved Security. Which of the following entries are permitted?A Margin Account shows an Outstanding Balance of RM200,000, securities purchased and carried worth RM236,000 and cash collateral of RM20,000. The client has made no written request. What must the PO do?

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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.

SIDC Module 6 Trading on Bursa Malaysia Securities question: further obligation arises for the POs

SIDC Module 6Trading on Bursa Malaysia Securities

Two POs report a Direct Business Transaction of 80,000 shares at RM3.36. The shares' previous-day VWAP was RM4.00 and they are trading normally. What further obligation arises for the POs?

A Cancel the reported transaction and re-execute it on-market within the 15% price band
B Obtain the Exchange's prior approval at least 3 Market Days before reporting the transaction in the ATS
C None beyond reporting the transaction in the ATS within the DBT reporting hours of that day
D Submit buyer and seller details, price basis and reason to the Exchange by 12.30 p.m. on the next Market Day

Show the answer and explanation

Answer: D. Submit buyer and seller details, price basis and reason to the Exchange by 12.30 p.m. on the next Market Day

Common mistake

The prior-approval route is for small DBTs under 50,000 units; larger off-price DBTs need after-the-event reporting instead.

Practise more Module 6 Trading on Bursa Malaysia Securities questions

Exam-style questions with worked answers, then full timed mocks. Free to start.

Start practising →

Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.

Start practising →

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.