In recognition of their contribution towards the development of the stock exchange, the shares of the Exchange were allocated as follows:
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40% was allocated to the broking industry, in recognition of their direct contribution and business risks undertaken to develop the exchange, of which 30% was allocated to the stockbroking companies and 10% to the remisiers
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30% was allocated to MOF Inc, in recognition of the role of the government in their effort to develop and promote the Malaysian capital market; and
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30% was allocated to the setting up of the CMDF, in recognition of the direct and indirect contributions of the non-broker community and other stakeholders to the growth and development of the exchange.
The CMDF was legally established as an independent statutory fund on 5 January 2004, pursuant to Part IX, Section 332 of the Capital Market Securities Act* (CMSA) 2007. Part IX of the CMSA sets out the scope and broad terms of reference for the CMDF.
*The CMDF was originally established pursuant to the Securities Industry Act 1983, which has since been subsumed into the new CMSA.
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