CFCL General information

CFCL eligible fund types

Register market

Pursuant to the law of Malaysia, the following unlisted funds are eligible to hold in CFCL:

(a) Unit Trust Funds: Governed by the Malaysian Capital Markets and Services Act (CMSA), and are generally:

Subjected to the Guidelines on Unit Trust Funds (UTF Guidelines) and Guidelines on Marketing and Distribution of Unit Trust Fund.

(b) Wholesale Funds: Governed by the Guidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations, Capital markets and Services Act 2007 (“CMSA”), and are generally:

Defined as unit trust schemes offered to non-retail (wholesale) investors only.
Established under a trust or custodial structure.

(c) Private Equity Funds Governed by the Guidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations, Capital markets and Services Act 2007 (“CMSA”), and are generally:

Established as a Limited Liability Partnership.

(d) Private Hedge Funds: Governed by the Guidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations, Capital markets and Services Act 2007 (“CMSA”) and Guidelines on Compliance function for Fund Management Companies, and are generally:

Established as unit trust scheme.

CSD link

Please refer to the CBL Market Link Guide – Malaysia for more information about funds available via the CSD link.

Exchange Traded Funds (ETFs)

Exchange-Traded Funds (ETFs) are permitted and can be traded within the Malaysian market.

Listed ETFs have the same settlement process as listed equities.

Custody chain and depository

Type of link

Indirect link via HSBC Bank Malaysia Berhad to Bursa Depository

Out of network link to Bank Negara Malaysia with HSBC Bank Malaysia Berhard as agent

	CSD	Custodian (as CBL’s depository)	CBL (as CFCL’s depository)
Name	Bursa Malaysia Depository Sdn Berhad (Bursa Depository) Bank Negara Malaysia - Scripless Securities Depository System (SSDS).	HSBC Bank Malaysia Berhad	Clearstream Banking S.A.
FATCA GIIN	Not available	4RI52Y.00000.BR.392	N1V1GJ.00000.LE.442
LEI	Bursa Depository: 254900UDVVJ8TRS6T396 Bank Negara Malaysia: 549300NROGNBV2T1GS07	P3RPN9OJFCXUPJWB1Q09	549300OL514RA0SXJJ44
Country of incorporation	Malaysia	Malaysia	Luxembourg
Account type	Bursa Depository – omnibus account Bank Negara Malaysia – segregated account per ultimate beneficial owner	Omnibus account Segregated account per ultimate beneficial owner	Segregated
Legal Account name/holder	Bursa Depository: HSBC Bank Malaysia Berhad, as participant in Bursa Depository, holds securities under the name HSBC Nominees (Asing) Sdn Bhd with a dedicated account qualifier ‘Exempt AN for Clearstream Banking S.A.’ Bank Negara Malaysia: HSBC Bank Malaysia Berhad, as participant in SSDS holds segregated accounts per ultimate beneficial owner.	Clearstream Fund Centre S.A. Ultimate beneficial owner in whose name the segregated account is opened	Clearstream Fund Centre S.A.

Depository

Depository

Local custodian/Agent

CBL

HSBC BANK (MALAYSIA) BERHAD
19F, Menara IQ
Lingkaran TRX
55188 Tun Razak Exchange
Kuala Lumpur
Malaysia

Depository Code: 1M

Operational arrangements

This section describes the operational arrangements of the Malaysian market:

	Domestic Market	Register Market	Remarks
Settlement in T2S	No	N/A
Settlement free of payment	Yes	Yes
Settlement against payment	Yes	Yes	Eligible settlement currency: Malaysian Ringgit (MYR).
Settlement against payment in central bank money	No	N/A	Equities: Against payment settlement takes place on the cash account of Bursa Clearing at a local bank. Note: Bursa Clearing has cash accounts open at a few local banks.
Shaping facility	No
Partial settlement	Yes	N/A
Settlement with Euroclear	No	N/A
Settlement penalty fees	Yes		Refer to the Market Profile.
Pre-matching	Yes
Back-to-back processing	No
Allegements	No	N/A
Automatic compensation	No	N/A
Registered securities	No	N/A	Refer to Entitlement Compensation Rules.
Lending and borrowing	No		Eligible debt securities (Bursa Depository and SSDS) qualify for CFCL's securities borrowing and lending programme.
Proxy voting	Yes	N/A
Liquidity Hub Connect	No	N/A
Sale and purchase of rights	No	N/A
Repo services	No	N/A
Market restrictions	No	N/A	Refer to Investment Regulation.
FTT	No	N/A
Daily reconciliation	Yes	N/A
Moment of entry of instructions	The rules of Bursa Depository do not define the moment of entry within the meaning of the Settlement Finality Directive.
Irrevocability of instructions	Bursa Depository: Participants may cancel securities transaction submitted for settlement, provided it has not been settled and subject to mutual agreement between both buyer and seller. For securities transaction before its settlement date, the seller can initiate the cancellation advice before the settlement date and the buyer shall confirm the cancellation advice immediately on the same day. For transaction pending payment on the settlement date, the buyer can initiate cancellation of the cash leg transaction from the payment queue. This will then prevent DVP from occurring and the transaction will automatically be cancelled by the system at settlement cut-off.
Finality of instructions	All settlements in Bursa Depository are deemed final and irrevocable

Legal arrangements

The below section is valid on the date of the legal opinions that were issued and might be subject to change.

The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.

As CBL is our sub-custodian, please refer to the CBL Market Link Guide – Malaysia for the complete information about Legal arrangements.

Cash correspondent details

Currency:	Malaysian Ringgit (MYR)
CCB name:	HSBC Bank Malaysia Berhad
CBL account:	318-104965-016
Swift address:	HBMBMYKL

CFCL General information – Malaysia