Reminder - 31 December is non-trading and non-settlement day

Kuala Lumpur, 28 December 1999

In view that the rollover to the year 2000 is just three days away, the Securities Commission (SC) wishes to remind the public that 31 December 1999 is a non-trading and non-settlement day.

As earlier announced by the SC (on 29 July 1999), 31 December 1999 is made a non-trading and non-settlement day to allow the exchanges, central depository and clearing houses to consolidate their databases, conduct full backup of their systems and databases and to test the recoverability of the backups made.

Under normal circumstances, the backup and consolidation process would go into the next month. However, as a precautionary measure to avoid any data loss during the critical Y2K period, the exchanges and clearing houses will work to ensure that all data is processed before midnight on 31 December 1999.

The SC also wishes to remind the public that they may contact the SC Y2K Command Centre (YCC) for Y2K enquiries relating to the capital market. The YCC can be reached at:

Telephone : 603-654 8906 / 8909 atau 603-651 5542
Facsimile : 603-651 5181 atau 603-653 3472
E-mail : [email protected]
[email protected]

The YCC was set up to monitor the effect of the rollover period in the capital market. The YCC will also be the centre for coordination of communications for Y2K issues for the capital market during the rollover period. As such, the YCC will be the receiving point for all capital market-related enquiries on Y2K.

The YCC will be in operation from 30 December 1999 - 4 January 2000. Its operating hours is as follows:

30 December 1999
12:00 noon - 5:00 pm

31 December 1999 - 3 January 2000
24 hours beginning at 8:00 am on 31 December

4 January 2000
8:00 am - 5:00 pm

The SC's preparations to face the ramifications of the Y2K issue had begun since 1997. The capital market institutions and intermediaries have successfully completed remediation and rigorous internal testing, end-to-end industry testing and contingency plans are in place to face any unforeseen ramifications of the Y2K issue. In this regard, the SC would like to assure the public and investors that the capital market is Y2K-ready.


Issued on behalf of the Securities Commission of Malaysia. Members of the press seeking assistance may contact the Corporate Affairs Department at tel no. 603-6548625 (Soh Beng Choo) / 603-6548184 (Azmi Hariss Ibrahim) or fax no.: 603-6515078.

Background information:

The Securities Commission (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Securities Industry Act 1983 and Futures Industry Act 1993.

More information about the SC is available on its homepage at
about the SC
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

General Line: +603-6204 8000
General Email: [email protected]
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