Does Bursa think that the way to create a vibrant market is to proportionately scale down the intensity of regulatory discipline?Having a sound and robust regulatory framework is one of the many factors that drive vibrancy in our market. We also note that some areas of the market require more guidance, while other areas are ready for more openness, particularly with improved market conduct and discipline?
With such improvement, there will be a gradual shift of regulatory approach from prescriptive rules requiring strict conformance to more principle-based rules that promote performance.