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Issuance of Amendments to Main Market Listing Requirements and ACE Market Listing Requirements (Circ

Circular No 107/2019
Dated 30 May 2019

To Members of the Malaysian Bar

Issuance of Amendments to Main Market Listing Requirements
and ACE Market Listing Requirements on 8 May 2019

Bursa Malaysia Berhad (Regulatory Policy & Advisory) has informed us, in its email dated 8 May 2019, that amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively the “LR”) in relation to the continuing disclosure obligations and other amendments (“LR Amendments”), together with the relevant “Questions and Answers” documents, were issued on 8 May 2019.

Kindly take note that the LR Amendments will take effect on 3 June 2019 (Monday).

Please click here to view the following documents (see pages 3 to 92):

(1) Bursa Malaysia Berhad’s circular dated 8 May 2019 (see pages 3 to 8);
(2) Appendix 1 setting out the full text of the amendments to the Main LR (see pages 9 to 42);
(3) Appendix 2 setting out the full text of the amendments to the ACE LR (see pages 43 to 72);
(4) Appendix 3 containing a set of Frequently-Asked-Questions (“FAQ”) in relation to the Main LR Amendments (see pages 73 to 82); and
(5) Appendix 4 containing the FAQ in relation to the ACE LR Amendments (see pages 83 to 92).

For more details, please refer to the email from Bursa Malaysia Berhad, which is reproduced below, or visit Bursa Malaysia Berhad’s website at www.bursamalaysia.com.

Thank you.

Salim Bashir
Secretary
Malaysian Bar


8 May 2019

Please be informed that the amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively the “LR”) in relation to continuing disclosure obligations and other amendments (“LR Amendments”) together with the relevant Questions & Answers, have been issued today.

The LR Amendments, among others, seek to achieve the following objectives:

(a) ensuring transaction circulars and announcements are coherent, relevant and easy to understand;

(b) promoting clear, relevant and practical requirements relating to corporate disclosure policies and other disclosure requirements;

(c) promoting balanced regulation by easing regulatory compliance through liberalisations; and

(d) addressing gaps to safeguard shareholder interest.

The LR Amendments are effective from 3 June 2019 onwards.

In view of the above, we are pleased to attach the following documents for your ease of reference:

  • Our circular dated 8 May 2019
  • Appendix 1 setting out the full text of the amendments to the Main LR
  • Appendix 2 setting out the full text of the amendments to the ACE LR
  • Appendix 3 setting out the Questions and Answers in relation to the Main LR Amendments
  • Appendix 4 setting out the Questions and Answers in relation to the ACE LR Amendments

These documents are also available on our website. In addition, the clean versions of the amended Chapters/Practice Notes/Guidance Notes of the LR will also be uploaded on our website on the effective date.

Thank you.

Norlaila Mohamed
(For and behalf of Regulatory Policy & Advisory, Bursa Malaysia Berhad)