Securities Commission issues Revised Prospectus Guidelines and Equity Guidelines
14 December 2018
The Securities Commission Malaysia (SC) today issued the revised Prospectus Guidelines and Equity Guidelines. The main purposes of the amendments are as follows –
- To enhance the disclosure requirements of abridged prospectuses and circulars relating to proposals that would result in a significant change in the business direction or policy of a listed issuer, including back-door listings and reverse take-overs;
- To make abridged prospectuses and circulars more reader-friendly;
- To ensure that disclosures focus on meaningful information and are useful in helping shareholders in making informed investment decisions.The amendments will come into effect on 13 March 2019.
Further details of the proposed amendments are available through the links provided in the SC’s media release.