Saturday August 11, 2012
THE Tun Razak Exchange (TRX) may see some of the country’s most prominent regulators relocate to the modern financial district.
1Malaysia Development Bhd (1MDB) says efforts are already under way to relocate the Securities Commission (SC) and Bursa Malaysia to TRX.
Chief executive officer Datuk Shahrol Halmi adds that “a lot of discussions has been held with the SC and Bursa, we certainly think it makes sense,” but he declined to elaborate as it was up to the Finance Ministry to look into the matter.
The SC is currently headquartered in Bukit Damansara while Bursa Malaysia is located on Bukit Kewangan. Both are on prime real estate with the SC building located in one of the most prestigious addresses for residential homes in the country. The stock exchange is housed next to Menara Maybank and is a stone’s throw from the Golden Triangle of Kuala Lumpur.