Monday January 26 2015

News Source: Global Exchanges

Focus: Listing Rules

Type: General




Bursa Malaysia has amended the Main Market and ACE Market Listing Requirements. These amendments are due to come into effect from 27th January 2015. It is anticipated that this initiative will strengthen investor protection and improve business efficiency.

The amendments are as follows:

  • liberalising the related party transaction (“RPT”) requirements by dispensing with compliance requirements in instances where the risk of abuse by a related party is low or theoretical in nature;
  • enhancing the quality and investibility of listed issuers through the enhanced regularisation plans for financially distressed listed issuers;
  • facilitating regularisation of listed issuers with inadequate level of operations via a separate framework- strengthening investor protection and promoting greater transparency through various enhancements to the foreign listing requirements;
  • improving transparency in the governance structure of listed issuers with foreign principal subsidiaries by requiring immediate announcement of change in legal representative;
  • addressing concerns raised by listed issuers
  • improving market efficiency and providing greater clarity through, among others, facilitating speedier issuance and listing of structured warrants pending the listing of the underlying financial instrument and dispensing with the listed issuer’s shareholder approval in an employee share scheme implemented by its subsidiary and allowing provision of financial assistance to joint arrangements.

Click on the above link for further information.