Bursa Malaysia proposes amendments for enhanced transparency

BURSA Malaysia Securities Bhd has put forth proposed amendments to the Main Market and ACE Market Listing Requirements (LR) to strengthen transparency in fundraising exercises involving new securities issuance. 

The exchange issued a consultation paper seeking public feedback on the proposed amendments, which include enhancing transparency in placement exercises, employee share schemes, CEO remuneration disclosure, interim corporate proposals for financially distressed issuers and adherence to chain listing requirements for subsidiaries. 

Bursa Malaysia encourages public input on these changes, emphasising its commitment to ensuring LR alignment with evolving market dynamics and promoting transparency. 

Interested parties can submit comments and feedback by Jan 26, 2024. 

For more details, refer to the consultation paper on the Bursa Malaysia website: https://www.bursamalaysia.com/regulation/public_consultation. TMR

  • This article first appeared in The Malaysian Reserve weekly print edition