Companies Commission issues Consultative Document on Beneficial Ownership Reporting Framework
13 November 2019
- financial institutions incorporated (local companies) or registered (foreign companies), under the Companies Act 2016;
- companies whose shares are quoted in a local or foreign stock exchange; and
- companies whose shares are deposited in the central depository pursuant to the Securities Industry (Central Depositories) Act 1991.
Businesses registered under the Registration of Businesses Act 1956 are deemed to have complied with the requirements under Proposed BO Guidelines.
The deadline for submission of feedback to the Companies Commission of Malaysia is 4 December 2019.