Participation Rules for Payments and Securities Services

1.1 These Participation Rules establish a governance framework for the Real Time Electronic Transfer of Funds and Securities System (RENTAS), and the Fully Automated System for Issuing / Tendering (FAST). Through these two systems, BNM provides Payments and Securities Services, encompassing:
1.1.1 Settlement for inter-bank fund transfers, clearing houses’ transactions and securities trades and corporate actions via RENTAS; and
1.1.2 Issuance of Debt Securities, tender of money market instruments and provision of a real-time repository of Debt Securities information via FAST.

1.2 These Participation Rules, where applicable shall be read in conjunction with:
1.2.1 FSA and IFSA;
1.2.2 Development Financial Institution Act 2002 (DFIA);
1.2.3 Operational Procedures for Securities Services;
1.2.4 Operational Procedures for Malaysian Ringgit (MYR) Settlement in RENTAS;
1.2.5 Operational Procedures for Foreign Currency Settlement in RENTAS;
1.2.6 Central Securities Depository and Paying Agency Rules (CSDPAR);
1.2.7 Guidelines on Business Continuity Management for Participants of RENTAS and FAST; and
1.2.8 Any other rules, procedures, guidelines, circular, standards, notices and directives issued by BNM from time to time.

1.3 These Participation Rules come into effect on 1 November 2024.

1.4 These Participation Rules are issued pursuant to the requirements under –
1.4.1 Section 35 of the FSA; and
1.4.2 Section 45 of the IFSA.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking