SC introduces revised prospectus, equity guidelines


The SC said in a statement that Ong

KUALA LUMPUR: The Securities Commission (SC) has released the revised Prospectus Guidelines and Equity Guidelines, which will come into effect on March 13, 2019.

The SC said the revised guidelines released today aimed to enhance the disclosure requirements of abridged prospectuses and for circulars related to proposals that would result in a significant change in the business direction, or policy of a listed corporation, including back-door listings and reverse take-overs.

“The amendments aim to make abridged prospectuses and circulars more reader-friendly, while ensuring that the disclosures focus on meaningful information and are useful in helping shareholders in making informed investment decisions,” it said in a statement today.

The SC said these amendments were made after extensive consultation with key stakeholders such as principal advisers, reporting accountants, independent advisers, investors and representatives of listed corporations.

“Market participants and listed corporations are encouraged to adopt these revisions earlier for the immediate benefit of shareholders and investors,” it added. - Bernama

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