The government will establish a securities exchange, clearing house, and central securities depository, marking a significant milestone in Brunei’s financial development, Dato Dr Hj Mohd Amin Liew Abdullah said during a meeting of the Legislative Council.
Preparations are already underway for the launch of the stock exchange, which includes refining the organisational structure, establishing Syariah governance and sukuk listings, and setting out procedures for companies to apply for licences to operate within the exchange.
The feasibility study focused on formulating a detailed plan for building the market ecosystem, regulatory reforms, Syariah governance, cost-benefit analysis, and revenue projections.
A market outreach plan was also devised to engage key stakeholders, including regulators, market participants, potential issuers, and investors; with the objective of ensuring broad participation and support for the exchange.
Source: The Scoop
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March 17, 2025
