Nearly all securities in the Malaysian bond market are scripless, so securities transfers are conducted electronically. In the Real-Time Electronic Transfer of Funds and Securities (RENTAS) system under Bank Negara Malaysia (BNM), transfer instructions are handled on a trade-by-trade basis, with the transfer of securities simultaneous with the transfer of funds for payment.

Under the Payment Systems Act of 2003, BNM is the authority responsible for promoting the operation of the national payment and settlement systems.

BNM provides a guideline on securities borrowing and lending under the RENTAS, which was issued pursuant to Banking and Financial Institutions Act 1989. BNM has also published the rules for the Fully Automated System for Issuing/Tendering (FAST).

Bursa Malaysia provides a link for its rules on its securities clearing, which are updated as of December 2008 and available by following the link provided below.

The Securities Commission provides the definition, duties, and responsibilities of a custodian in Malaysian capital markets.