Amendments To The Ace Market Listing Requirements In Relation To The Transfer Of Listing Framework From Leap Market
By marcom@micci.com
Aug 16, 2022
On 10th August 2022, Bursa Malaysia Securities Berhad has published a Consultation Paper No. 2 of 2022 and seeking publics feedback on the proposed amendments to the ACE Market Listing Requirements (“ACE LR”) regarding the following matters:
- Facilitate eligible LEAP Market listed corporations to access a bigger pool of investors to meet their funding needs by introducing a framework that allows eligible LEAP Market listed corporations to transfer its listing to the ACE Market (“Proposed LEAP Transfer Framework”)
- Promote capacity building among professionals in the corporate finance fraternity by allowing qualified Approved Adviser to serve as a replacement Sponsor to guide ACE Market listed corporations, and its directors on their post-listing obligations to ensure compliance with the ACE LR and other applicable laws (“Proposed Recognised Approved Adviser Framework”).
The Proposed LEAP Transfer Framework and the Proposed Recognised Approved Adviser Framework are referred to collectively as the “Proposed Amendments”.
Bursa Malaysia would like to invite publics comment on the Proposed Amendments by completing and submitting the Table of Comments attached with the Consultation Paper, latest by Wednesday, 21st September 2022.
Your feedback is highly important to help them to achieve a balanced and sound regulatory framework.
To submit your feedback, please download and fill up the form by clicking on this link: https://drive.google.com/file/d/1v787dDZoRdM8D5HP0z__UNb1pZvjlSzx/view?usp=sharing and please send the form to rpa@bursamalaysia.com
For the Consultation Paper, please click on this link: https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/assets/62f377cc5b711a5c57005686/CP_2_of_2022__LEAPTransferRAA_10Aug2022.pdf
For Annexure A (Proposed Amendments To The Ace LR), please click on this link: https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/assets/62f377cd5b711a5c57005688/AnnA_ACELRAmendments_LEAPTransferRAA_10Aug2022__Final__.pdf
For the Bursa Malaysia full statement, please click on this link: https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5c11a9db758f8d31544574c6/62f37ea15b711a5c73005681/files/Aug10_2022_Bursa_Malaysia_invites_public_feedback_on_proposed_transfer_of_listing_framework_from_LEAP_to_ACE_Market.pdf?1660127883