M19 Advisory Services Rules and Regulations (Q&A) Sample Questions

This examination is designed to test candidates’ knowledge and understanding of the rules and regulations governing advisory services in the Malaysian capital market. It is one of the examinations to be passed by individuals who:
(1) intend to apply for a Capital Markets Services Representative's Licence (CMSRL) to carry on the regulated activities of advising on corporate finance or investment advice; or
(2) intend to be employees of registered persons who carry out the capital markets activities as stipulated in Item 2 and 3 of Schedule 4 of the Capital Markets and Services Act 2007.
Candidates are advised to refer to the Licensing Handbook for the detailed combination of examinations required for each regulated activity. Candidates are expected to possess good knowledge and understanding of the subject matter provided in the study outline and specified references.
In addition, candidates are expected to have relatively strong capability in the application, analysis and evaluation of information in this study outline and its references. It is estimated that this module will require a minimum of 200 hours of study time. Candidates may need less or more depending on the education background and work experience.
Candidates are expected to update themselves with the latest changes relevant to this examination as all questions will be continuously updated to reflect these changes. Candidates are permitted to refer to their own prescribed reference materials during the examination. Note that no prescribed reference materials will be provided by the Securities Industry Development Corporation (SIDC). The prescribed reference materials brought into the examinations by candidates are subject to the terms and conditions of SIDC, details of which are set out in the terms and conditions of the SC licensing examinations.
Candidates are required to comply with the terms and conditions of the SC licensing examination. Severe penalties will be taken against candidates for any misconduct during the examination.
At the end of this study outline are 4 sample questions of various formats used in the Module 19 examination. The samples provided do not in any way reflect the level of difficulty or the subjectmatter distribution of the actual examination. They are merely intended to familiarise candidates with the styles of multiple-choice questions used in the examination.

LEARNING OBJECTIVES
Candidates are expected to have good knowledge, understanding and ability to apply in the following areas:
(a) The principles of contract law and relevant issues.
(b) The laws which are relevant to the advisory services in the Malaysian capital market.
(c). The system and procedures of licensing of persons who carry on the investment advisory business in Malaysia.
(d) The features and prohibitions of investment advisory activities
(e) The regulations governing the issue and offer of equity securities, listing of corporations and quotations of securities on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) (Main Market) and proposals which result in a significant change in the business direction or policy of corporations listed on the Main Market under the Securities Commission Malaysia’s Equity Guidelines.
(f) The regulations setting out who can act as principal advisers for the submission of corporate proposals and the competency standards required.
(g) The regulations governing the conduct of due diligence for corporate proposals by issuers, advisers and experts.
(h) The activities and current trends connected to money laundering and terrorism financing and the Malaysian regulatory approach towards them
(i) The characteristics and regulations governing take-overs in Malaysia.
(j) The regulations governing valuations of property assets in conjunction with corporate proposals for submission to the Securities Commission Malaysia or for inclusion in prospectuses and circulars.
(j) The regulations governing the issuance and registration of prospectuses.
(k) The regulations governing the issue, subscription, purchase, invitation to subscribe or purchase corporate bonds or sukuk to retail investors.
(l) The regulations that must be observed for the purposes of exclusively making available unlisted capital market products to sophisticated investors in Malaysia or persons outside Malaysia.
(m) The regulations governing the issuers of structured warrants.
(n) The regulations governing listing of securities under the Bursa Securities Main Market Listing Requirements, Bursa Malaysia Securities Berhad ACE Market Listing Requirements and Bursa Malaysia Securities Berhad LEAP Market Listing Requirement.

EXAMINATION SYLLABUS
The syllabus for this examination is divided into 3 sections and the maximum composition of questions from each section is as follows:

Type of questions: Multiple-choice
No. of Questions: 60
Duration: 120 minutes
Pass Mark: 70%
The Securities Industry Development Corporation (SIDC) offers multiple choice question examinations for individuals wishing to undertake one or more regulated activities under the Capital Markets and Services Act 2007.

References:

Equity guidelines

Licensing handbook

Guidelines on submission of Corporate and capital market product proposals

Guidelines on issuance of corporate bonds and sukuk to retail investors

Bursa Malaysia - Listing requirements

SAMPLE QUESTIONS AND ANSWERS

Example 1
Under the law of contract, _________________ is the exchange for the promise given.
(A) intention to create legal relations
(B) genuine consent
(C) agreement
(D) consideration

Example 2
Issuance of Sukuk Islamic Securities involving a partnership arrangement between two or more parties to finance a business venture whereby all parties contribute capital either in the form of cash or in kind for the purpose of financing the business venture. Any profit derived from the venture will be distributed based on a pre-agreed profit sharing ratio, but a loss will be shared on the basis of capital contribution.

The above describes the Islamic principle of:
(A) Musharakah
(B) Mudharabah
(C) Murabahah
(D) Istisna’

Explanations:
The answer is A.
Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterprise. Since Islamic law (Sharia) does not permit profiting from interest in lending, musharakah allows for the financier of a project or company to achieve a return in the form of a portion of the actual profits according to a predetermined ratio.

Mudharabah (profit-loss sharing business) is a type of business agreement between two parties where one party provides capital (Rabb-ul-Maal) and the other labor or management (Mudarib) for the business. It helps finance businesses based on profit sharing without involving any riba or interest. Hence, it forms a Sharia-compliant mode of financing.

Murabaha, is referred to as cost-plus financing, is an Islamic financing structure in which the seller and buyer agree to the cost and markup of an asset. The markup takes place of interest, which is illegal in Islamic law. As such, murabaha is not an interest-bearing loan (qardh ribawi) but is an acceptable form of credit sale under Islamic law. As with a rent-to-own arrangement, the purchaser does not become the true owner until the loan is fully paid.

Murabaha, is referred to as cost-plus financing, is an Islamic financing structure in which the seller and buyer agree to the cost and markup of an asset. The markup takes place of interest, which is illegal in Islamic law. As such, murabaha is not an interest-bearing loan (qardh ribawi) but is an acceptable form of credit sale under Islamic law. As with a rent-to-own arrangement, the purchaser does not become the true owner until the loan is fully paid.

Istisna’ means asking someone to construct, build or manufacture an asset. In Islamic finance, istisna' is generally a long-term contract whereby a party undertakes to manufacture, build or construct assets, with an obligation from the manufacturer or producer to deliver them to the customer upon completion. In practice, the key advantage of an istisna’ contract is that it can provide flexibility to the customer, where payments can be made in installments linked to project completion, at delivery or after project completion. In contrast to istisna', for salam contract the payment has to be made in full, in advance.

Example 3
Which of the following categories of principal advisers are permitted to submit all types of corporate proposals?

(i) Investment banks
(ii) Universal brokers
(iii) 1+1 brokers
(iv) Special scheme brokers

(A) (i) and (ii) only
(B) (iii) and (iv) only
(C) (i), (ii) and (iii) only
(D) All of the above

Example 4
In relation to the right of appointment of principal advisers, what are the rights reserved for the Securities Commission Malaysia?

(i) Right to request for the appointment of an independent adviser
(ii) Right not to allow submissions by the principal adviser in cases where the Securities Commission Malaysia considers the principal adviser to be incapable of giving impartial advice
(iii) Right to decline submissions of the principal adviser where the principal adviser has an interest in the outcome of the proposal
(iv) Right to appoint a new principal adviser in place of the existing principal adviser

(A) (i) and (iv) only
(B) (i), (ii) and (iii) only
(C) (ii), (iii) and (iv) only
(D) All of the above

Self-Assessment Questions:

CONTRACTUAL ISSUES

Question 1
Which of the following items are the essential elements of a contract, YES or NO?
Elements:
Intention (YES)
Written terms (NO)
Acceptance (YES)
Consideration (YES)
Invitation to treat (NO)
Offer (YES)
Agreement (YES)

Question 2
Brochures – Quotation – Display of goods on a shelf
The above items are all example of AN INVITATION TO TREAT.

Question 3
Identify whether the following statements on limiting and excluding liability under the common law are TRUE or FALSE.
Statements
In practice, limiting clauses are used as a defence while excluding clauses are often used to define the obligation of the parties to the contract. (TRUE)
It is sufficient for a party seeking to rely on a limiting or excluding clause if the party implies this intention. (FALSE)
The party relying on a limiting or excluding clause must adequately bring it to the attention of the other party before the contract was concluded. (TRUE)

NEGLIGENT MISSTATEMENT

Question 1
Describe the essential components of the tort of negligence listed below:
1. DUTY:
Answer: There must be a duty owned by the defendant to the complainant
2. BREACH OF DUTY:
Answer: There must have been a failure to attain that standard of care, prescribed by the law.
3. DAMAGE OR INJURY RESULTING FROM THAT BREACH:
Answer: Some direct and consequential loss must have been suffered by the complainant which is causally connected to breach in particular and must be recognized by the law

Question 2
Identify whether the following statements on the general liability of stockbrokers are TRUE or FALSE?
1. A stockbroker’s duty can be subjected to contractual principles. TRUE
2. From a tort perspective, a stockbroker may be liable for failing to use skill and diligence, which a reasonably competent and careful stockbroker would exercise. TRUE
3. Common law provides that if a customer suffers loss by a stockbroker’s breach of duty, it must be proven that the stockbroker had acted fraudulently. FALSE
4. In the investment market, the mere fact of losses suffered by a third party can in itself be evidence of negligence on the part of a broker. FALSE

Question 3
Any of parties as set out in Section 248 of the Capital Markets and Services Act 2007.
1. The issuer and each director of the issuer at the time issue of the disclosure document or prospectus.
2. A person who consented or caused himself to be named and was named in the disclosure document or prospectus given to an investor as a director or as having agreed to become a director either immediately or after an interval of time.
3. A promoter, for any loss or damage arising from the disclosure document or prospectus or any relevant portion of the disclosure document or prospectus in respect of which he was a party to the preparation thereof.
4. A person other the issuer, who was responsible for preparing the disclosure document or prospectus, or responsible for conducting the due diligence of the information or statement contained in the disclosure document or prospectus, by whatever name called and may include the principal adviser or lead arranger.
5. A person named in the disclosure document or prospectus with his consent, as having made statement, that was included in the disclosure document or prospectus or on which a statement made in the disclosure document or prospectus was based, for any loss or damage caused by the inclusion of the statement in the disclosure document or 387 prospectus.
6. A person named in the disclosure document or prospectus with his consent as a stockbroker, sharebroker, underwriter, auditor, banker or advocate of the issuer in relation to the issue od, offer for subscription or purchase od, or invitation to subscribe for or purchase, securities and who had made a statement that was included in the disclosure document or prospectus or on which a statement made in disclosure document or prospectus was based, for any loss or damage caused by the inclusion of the statement in the disclosure document or prospectus; or
7. A person who authorized or caused the issue of any disclosure document or prospectus in contravention of section 246, for any loss or damage caused by such contravention.

Question 4
ABC Investment Bank is the Adviser for a corporate transaction undertaken by Company X. As a result of the ABC Investment Bank’s negligence in providing advice on the transaction, Company X incurred certain hardships and financial losses amounting to RM1,500,000. Company X filed and won a lawsuit against ABC Investment Bank. The court judgement required ABC Investment Bank to pay Company X RM1,500,000 for the loss incurred. The court also required ABC Investment Bank pay RM2,000,000 to Company X, to make an example of the Bank’s wrongful behaviour. What type of damages are ABC Investment Bank paying?
I. General damages
II. Special damages
III. Nominal damages
IV. Punitive damages

A. I and III only
B. I and IV only
C. II and III only
D. II and IV only

Question 5
1. As a Capital Market Services Representative’s Licence (CMSRL) holder, Susan should have a reasonable basis in making her recommendations to her clients. Kindly identify whether the following statements in relation to elements of reasonable basis that should be used by Susan are FALSE?

I. Susan has taken into account the investment objectives of her client
II. Susan has considered the financial situation of her client and her family background
III. Susan has conducted due diligence on the subject matter for her recommendation to the client.
IV. Susan has explained the features and benefits of recommended products to her client.

A. I only
B. II only
C. I, III and IV only
D. All of the above

Question 6
Robert is a client of ABC Investment Sdn Bhd, intends to claim against his dealer on the basis that he has suffered a loss having relied upon advice given by his dealer, who also did not disclose his interest in the recommended securities. Which of the following defences can be used by the dealer?

I. The client would not have made a claim if a profit had been made.
II. The dealer was not aware of a change in the client’s investment objectives.
III. The dealer did not know that the interest existed at the e time of the recommendation.
IV. The client would have made the investment decision even if the interest had been disclosed.

A. I only
B. I and II only
C. II, III and IV only
D. All of the above

Question 7
Mack was planning to increase his capital position and therefore had sough advice from his remisier, Muna. Based on Muna’s advice, Mack had purchased 500,000 shares of Gula Berhad at RM1.00 on 4 June 20XX. A week later, Gula Berhad went into liquidation and its share price fell to RM0.20. Mrck confranted Muna and Muna admitted the advice was given based on rumours that Gula Berhad would be acquiring another public-listed company and she did not conduct any further verification purposes. Based on the above scenario, Mack may bring civil action against Muna for:

A. short selling
B. front running
C. negligent misstatement
D. unlawful use of client’s money

Question 8
A teenager was riding a bicycle when she saw a classmate walking toward her. The teenager rode quickly toward the classmate, knowing that he would think she would run into him on her current trajectory. The teenager was not purposefully trying to harm or touch him. The classmate saw the teenager riding toward him and yelled at her to stop. The teenager swerved at the last moment and avoided hitting him. The classmate had a panic attack because he thought that the teenager would hit him. Is the classmate likely to succeed if he sues the teenager for assault?

A. No, because the teenager did not make contact with the classmate.
B. No, because the teenager did not purposefully try to harm or touch the classmate.
C. Yes, because the teenager acted with the requisite intent.
D. Yes, because the teenager’s conduct was extreme and outrageous

Question 9
A mother went to a retail toy store to purchase a birthday gift for her eight-year-old daughter. Without inspecting it, a toy-store employee sold an electric toy oven to the mother. The toy oven could bake small batches of real food using heat generated from light bulbs located in the interior of the oven. The instructions that came with the toy oven clearly stated that adult supervision was required when operating the oven, so the mother helped the daughter use the oven to bake brownies. While the brownies were baking, a six-year-old boy who lived next door came over to play with the daughter. When the brownies were done baking, the mother allowed the boy to open the oven and remove them. As he was doing so, a broken light bulb inside of the oven suddenly caught on fire, causing second-degree burns on the boy’s hands. The boy’s father subsequently filed a negligence action against the manufacturer of the toy oven. At trial, it was established that had the manufacturer or the toy store exercised reasonable care in the inspection of the toy oven, the broken light bulb would have been discovered. Who is likely to prevail?

A. The boy’s father, because the manufacturer breached its duty of reasonable care toward the boy.
B. The boy’s father, because the manufacturer is strictly liable for the toy oven’s defect.
C. The manufacturer, because it was not reasonably foreseeable that the boy would be injured by the daughter’s defective toy oven.
D. The manufacturer, because the toy store’s negligent failure to inspect the toy oven before selling it to the mother is a superseding cause of the boy’s injuries.

Question 10
A pregnant woman, whose due date for the delivery of her viable fetus was less than a month away, was walking in a parking lot and looking at her cell phone. She was hit by a car driven by a police officer, who had just received word of an emergency and carelessly failed to see the woman. Several days later, the woman gave birth to a child who suffered neurological damage as a result of the accident. The woman, on behalf of her child, brought a negligence suit against the police officer for damages associated with the physical injuries suffered by the child. The woman and the police officer were found to be equally at fault for the accident. The jurisdiction has adopted a modified comparative fault statute that bars a plaintiff from recovery against a defendant whose fault is less than or equal to that of the plaintiff. In the child’s suit against the police officer, will the child be likely to recover for her injuries?

A. No, because the child was in utero at the time of the accident.
B. No, because the firefighters’ rule applies to police officers.
C. Yes, because the child was viable at the time of the accident.
D. Yes, because the woman was not at greater fault than the police officer.

Details of the syllabus are as below:

Section 1

LEGAL CONSIDERATIONS AND CODE OF CONDUCT
1. Contractual Issues
1.1 Outline of the law of contract
1.2 Essential elements of a contract
1.3 Other elements of contract
1.4 Exclusion and limitation clauses
1.5 Remedies for breach of contract

2. Negligent Misstatement
2.1 Negligence
2.2 Defences
2.3 General liability of stockbrokers
2.4 False and misleading statements under securities laws.

Note: At the end of this topic, you should be able to: List essential elements in the tort of negligent misstatement List the preconditions for successful claim for damages List the responsibilities of a licensed person imposed by statute

3. Licensing of persons who carry on the business of investment advice, advising on corporate finance and their representatives
3.1 Advising on corporate finance, Investment advice, CMSL and CMSRL defined
3.2 Requirement to be licensed
3.3 Criteria for the grant of licence
3.4 Revocation and suspension of licence
3.5 Duties and obligations of licence holder

4. Prohibited Conduct and Insider Trading
4.1 Prohibited conduct
4.2 Insider trading
5. Conclusion

GUIDELINES ON PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING FOR REPORTING INSTITUTIONS IN THE CAPITAL MARKET
Part I : Introduction and Applicability
1 Introduction
2 Applicability
3 Definitions
4 General Description of Money Laundering
5 General Description of Terrorism Financing
6 General Principles and Policies to Combat Money Laundering and Terrorism Financing

Part IA : AML/CFT Compliance Programmes and Obligations of Board of Directors, Senior Management and Compliance Officer
6A Internal Programmes, Policies, Procedures and Controls
6B Board of Directors
6C Senior Management
6D Compliance Officer
6E Group-wide ML/TF Programmes

Part II : Risk-Based Approach Application
7 Risk- Based Approach Application
8. Customer Due Diligence (CDD)
Part IIIA : Wire Transfer
9. Wire Transfer of Digital Assets
Part IV : Retention of Records
10. Record Keeping
Part V : Suspicious Transactions
11. Reporting on Suspicious
Transactions
12. Confidentiality of Reporting
Part VI : Enforcement Orders
13. Compliance with Enforcement Orders
Part VII : Combating Terrorism Financing
14. Identification and Designation Appendices

GUIDELINES ON IMPLEMENTATION OF TARGETED FINANCIAL SANCTIONS RELATING TO PROLIFERATION FINANCING FOR CAPITAL MARKET INTERMEDIARIES
1.0 Introduction
2.0 Applicability
3.0 Definitions
4.0 Combating Proliferation Financing
5.0 Reporting Requirements
6.0 Contact Information
7.0 Appendices

In investing, risk and return are highly correlated. Increased potential returns on investment usually go hand-in-hand with increased risk. Different types of risks include project-specific risk, industry-specific risk, competitive risk, international risk, and market risk. Return refers to either gains or losses made from trading a security. The return on an investment is expressed as a percentage and considered a random variable that takes any value within a given range. Several factors influence the type of returns that investors can expect from trading in the markets.

Key takeaways

Section 2

EQUITY GUIDELINES
Part I: General
Chapter 1: Introduction
Chapter 2: Definitions
Chapter 3: Corporate Governance
Chapter 4: Conflict of Interest
Part II: Policy Guidelines
Chapter 5: Equity Offerings and Listings
Chapter 6: Special Purpose Acquisition Company
Chapter 7: Back-Door Listings and Reverse Take-Overs
Chapter 8: Transfer of Listing
Part III: Submission and Implementation
Chapter 9: Submission of Proposals
Chapter 10: Implementation of Proposals
Part IV: Appendices
Part V: Schedules
Part VI: Guidance

GUIDELINES ON SUBMISSION OF CORPORATE AND CAPITAL MARKET PRODUCT PROPOSALS
Chapter 1: Introduction
Chapter 2: Applicability
Chapter 3: Related Provisions
Chapter 4: Definitions
Chapter 5: Obligations of a Submitting Party
Chapter 6: Obligations of a Submitting Party, Senior Officer and Qualified Person for Submission of a Specific Proposal
Chapter 7: Obligations of Advisers in a Proposal
Chapter 8: Obligations of an Applicant in a Proposal
Appendices

MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2016
Citation and commencement
General principle 1 to 12
Acquisition pursuant to subsection 218(3)
Revocation and saving

RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS
PART A: GENERAL
RULE 1 Introduction
RULE 2 Interpretation
RULE 3 Advisers
PART B: TAKE-OVER OFFER
RULE 4 Mandatory offer
RULE 5 Types of Voluntary Offer
RULE 6 Key Terms
RULE 7 Comparable Offers for More than One Class of Equity Shares
RULE 8 Appropriate Offers for Convertible Securities

PART C: PROCESS AND PROCEDURE OF TAKE-OVER OFFER
RULE 9 Announcements and Notices
RULE 10 Standard of Care and Responsibility
RULE 11 Timing and Contents of Documents
RULE 12 Timing of Offer
RULE 13 Announcement of Results of Offer
RULE 14 Settlement of Consideration

PART D: CONDUCT DURING OFFER
RULE 15 Management of Affairs and Resignation by Directors
RULE 16 Frustration of Offer
RULE 17 Evidence of Ability to Implement
Take-Over Offer
RULE 18 Favourable Deals
RULE 19 Dealings Before and During Offer Period
RULE 20 Prompt Registration
RULE 21 Restrictions Following Offers and Possible Offers

PART E: COMPULSORY ACQUISITION AND RIGHT OF MINORITY SHAREHOLDERS
RULE 22 Compulsory Acquisitions and Right of Minority Shareholders
SCHEDULES
APPENDICES

ASSET VALUATION GUIDELINES
Chapter 3: Appointment of Valuer Right of Appointment
Eligibility Requirements for Firm General and Continuing Obligations Independence of
Conflict of Interest
Professional Duty
Declaration
Chapter 4: Valuation Basis of Valuation
Use of Assumptions
Breaches of Relevant Laws and Regulations
Valuation Approach and Method of Valuation
Comparison Approach
Cost Approach
Income Capitalisation Approach
Chapter 7: Requirements for Valuation of Specific Property Assets
Part A: Valuation of Plant, Machinery and Equipment
Part B: Valuation of Development Property
Part C: Valuation of Joint Venture Interests
Part D: Forest Assessment Report
Chapter 8: Submission of Report Procedures in Submitting Valuation Report
Valuation Report Checklist
Content of Submission of Valuation Reports for Property Assets Fees and Charges
Schedules

PROSPECTUS GUIDELINES
Part I General Requirements
Chapter 1 : General
Chapter 2 : Definitions
Part II Contents of Prospectus
Division 1 : Equity
Chapter 1 : Introduction
Chapter 2 : Prospectus Summary
Chapter 3 : Details of Offering
Chapter 4 : Information on Promoters, Substantial Shareholders, Directors, Key Senior Management and Key Technical Personnel
Chapter 5 : Information on the Corporation
Chapter 6 : Risk Factors
Chapter 7 : Related Party Transactions
Chapter 8 : Conflict of Interest
Chapter 9 : Financial Information
Chapter 10 : Reports by the Reporting Accountants
Chapter 11 : Expert’s Reports
Chapter 12 : Additional Information
Chapter 13 : Documents Available for Inspection
Chapter 14 : Application for Shares
Chapter 15 : Specific Requirements for an Infrastructure Project Corporation
Chapter 16 : Specific Requirements for a Special Purpose Acquisition Company
Chapter 17 : Specific Requirements for a Corporation with MOG Exploration or Extraction Assets
Division 1A : ASEAN Equity Disclosure Standards Part I : Identity Of Directors, Senio
r Management, Advisers, Agents And Other Independent Third Parties
Part II : Offer Statistics And Expected Time Table
Part III : Key Information
Part IV : Information On The Issuer
Part V : Operating And Financial Review And Prospects
Part VI : Directors, Senior Management And Employees
Part VII : Major Shareholders, Related-Party Transactions And Conflicts Of Interest
Part VIII : Financial Information
Part IX : The Offer And Listing
Part X : Additional Information
Division 2 : Corporate Bonds and Sukuk
Chapter 1 : General
Chapter 2 : Cover Page
Chapter 3 : Inside Cover/First Page
Chapter 4 : Time Table and Corporate Directory
Chapter 5 : Information on the Corporate Bonds or Sukuk
Chapter 6 : Risk Factors
Chapter 7 : Information About Issuer/Substantial Shareholders/Directors/Key Management Personnel/Guarantor
Chapter 8 : Financial Information
Chapter 9 : Related-party Transactions/Conflict of Interest
Chapter 10 : Rights of Holders of Corporate Bonds or Sukuk
Chapter 11 : Information Relating to Bond/Sukuk Trustee and Trust Deed
Chapter 12 : Expert’s Reports
Chapter 13 : Documents Available for Inspection
Chapter 14 : Application for Corporate Bonds or Sukuk
Division 2A : ASEAN Debt Securities Disclosure Standards including Additional Requirements for an ASEAN Debt Issuance Programme Introduction: Plain Debt Definition Part I : Identity Of Directors, Senior Management, Advisers, Agents And Other Independent Third Parties
Part II : Description Of The Plain Debt Securities
Part III : Risk Factors
Part IV : Markets
Part V : Information About The Public Offering
Part VI : Taxation
Part VII : Key Information
Part VIII : Information About The Issuer
Part IX : Operating And Financial Review And Prospects
Part X : Directors, Senior Management And Employees
Part XI : Major Shareholders, Related-Party Transactions And Conflicts Of Interests
Part XII : Interests Of Experts, Counsel, Underwriters, Shariah Advisers And Financial Advisers
Part XIII : Financial Information
Part XIV : Additional Information
Part XV : Additional Requirements For An ASEAN Debt Issuance Programme
Division 3 : Structured Warrants
Chapter 1 : Introduction
Chapter 2 : Cover Page, Inside Cover/First Page, Timetable, Definitions and Corporate Directory
Chapter 3 : Prospectus Summary
Chapter 4 : Information on the Issuer
Chapter 5 : Market Making
Chapter 6 : Conflict of Interest
Chapter 7 : Terms and Conditions of the Structured Warrants
Chapter 8 : Information on the Underlying Financial Instrument
Chapter 9 : Risk Factors
Chapter 10 : Approvals and Conditions
Chapter 11 : Expert’s Statements/Reports
Chapter 12 : Documents Available for Inspection
Chapter 13 : Application for Structured Warrants
Division 5 : Abridged Prospectus
Chapter 1 : Cover Page
Chapter 2 : Summary of Rights Issue
Chapter 3 : Details of Rights Issue
Chapter 4 : Risk Factors
Chapter 5 : Financial Information
Chapter 6 : Shareholders’ Undertakings and Underwriting Arrangements
Chapter 7 : Specific Classes of Securities, Where Applicable
Chapter 8 : Application for Securities and excess Applications
Chapter 9 : Additional Information on the Corporation, Expert’s Report and Documents Available for Inspection
Division 6 : Supplementary and Replacement Prospectus
Chapter 1 : General
Chapter 2 : Contents of a Supplementary Prospectus
Chapter 3 : Contents of a Replacement Prospectus
Part III Procedures for Registration
Chapter 1 : Prospectus under Division 1 and 1A of Part II (Equity)
Chapter 2 : Prospectus under Division 2 and 2A of Part II (Corporate Bonds and Sukuk)

Chapter 3 : Prospectus under Division 3 of Part II (Structured Warrants) Chapter 5 : Prospectus under Division 5 of Part II (Abridged Prospectus) Appendices Part IV Prospectus Related Guidelines Division 1 : Plain Language Guide for Prospectuses
Division 2 : Electronic Prospectuses and Electronic Application
Division 3 : Advertising Guidelines Appendices

GUIDELINES ON ISSUANCE OF CORPORATE BONDS AND SUKUK TO RETAIL INVESTORS Part A : General Chapter 1 : Introduction
Chapter 2 : Definitions
Chapter 3 : Responsible Party
Part B : Requirements for Issuance of Corporate Bonds and Sukuk
Chapter 4 : Eligibility
Chapter 5 : Rating Requirements
Chapter 6 : Trustee and Trust Deed Requirements
Chapter 7 : Implementation Time Frame
Chapter 8 : Utilisation of Proceeds
Chapter 9 : Mode of Issuance
Chapter 10 : Other Regulatory Approvals and Compliance with Relevant Laws and Guidelines
Part C : Approval for Issuance of Corporate Bonds and Sukuk
Chapter 11 : Approval
Chapter 12 : Continuous Disclosure Obligations
Chapter 13 : Revision to Principal Terms and Conditions
Chapter 14 : Submission to the SC Part D : Additional Shariah Requirements for Sukuk
Chapter 15 : Roles and Responsibilities of Shariah Adviser
Chapter 16 : Compliance with Shariah Rulings, Principles and Concepts
Chapter 17 : General Shariah Rulings Applicable to Sukuk
Chapter 18 : Shariah Rulings Applicable to Specific Types of Sukuk
Chapter 19 : Revision to Terms and Conditions of Sukuk
Part E : Requirements for Issuance of Sustainable and Responsible Investment Sukuk
Chapter 20 : Sustainable and Responsible Investment (SRI) Sukuk
Chapter 21 : ASEAN Bonds and Sukuk
Chapter 22 : Corporate Bonds and Sukuk under the Qualified Issuer Framework
Chapter 23 : Sustainable and Responsible Investment linked (SRI-linked) Sukuk Appendices

GUIDELINES ON UNLISTED CAPITAL MARKET PRODUCTS UNDER THE LODGE AND LAUNCH FRAMEWORK
Section A : General Requirements
Chapter 1 : Introduction
Chapter 2 : Definitions
Chapter 3 : Responsible Party
Section B: Specific Requirements
Part 2 : Structured Products
Chapter 1 : General
Chapter 2 : Structure
Chapter 3 : Lodgement
Chapter 4 : Continuous Obligations
Chapter 5 : Revision
Appendices
Part 3: Corporate Bonds and Sukuk
Chapter 1 : General
Chapter 2 : Structure
Chapter 3 : Specific Requirements Applicable to Foreign Currency-Denominated Corporate Bonds or Sukuk and NIDs or INIDs
Chapter 4 : Lodgement
Chapter 5 : Continuous Obligations
Chapter 6 : Revision
Chapter 7 : Sustainable and Responsible Investment (SRI) Sukuk
Chapter 8 : ASEAN Bonds and Sukuk Appendices
Part 4 : Asset-Backed Securities
Chapter 1 : General
Chapter 2 : Structure
Chapter 3 : Lodgement
Chapter 4 : Continuous Obligations on Primary Collateralised Loan Obligations (CLO) Transactions
Appendices
Section C: Additional Requirements for Shariah-Compliant Unlisted Capital Market Products Under the Lodge and Launch Framework Chapter 1 : Approved Shariah Principles and Concepts for Shariah-Compliant Unlisted Capital Market Products Under the Lodge and Launch Framework Chapter 2 : Roles and Responsibilities of Shariah Adviser Chapter 3 : Compliance with Shariah Rulings, Principles and Concepts Chapter 4 : General Shariah Rulings Applicable to Ringgit-Denominated Sukuk Chapter 5 : Shariah Rulings Applicable to Specific Types of Ringgit-Denominated Sukuk Chapter 6 : Revision to Terms and Conditions of Ringgit-Denominated Sukuk
Section D : Transitional Provisions
Chapter 1 : General
Chapter 3 : Structured Products
Chapter 4 : Corporate Bonds and Sukuk
Appendices
Lodgement Kit: Unlisted Capital Market Products under the Lodge and Launch Framework Introduction Part 2 : Structured Products Section 1 : Lodgement Form – Structured Product Programme
Section 2 : Pre-issuance Notification – Structured Product Series under a Structured Product Programme
Section 3 : Monthly Post-Issuance Report
Part 3 : Corporate Bonds and Sukuk
Section 1 : Lodgement Form for Corporate Bonds or Sukuk
Section 2 : Post-issuance Notice for Corporate Bonds or Sukuk
Section 3 : Lodgement Form for Foreign Currency-Denominated Corporate Bonds or Sukuk Through a Roadshow
Section 4 : Post-Issuance Notice for Foreign Currency-Denominated Corporate Bonds Or Sukuk Through a Roadshow
Section 5 : Lodgement Form for Negotiable Instruments of Deposit (NIDs) or Islamic Negotiable Instruments of Deposit Programme (INIDs)
Section 6 : Post-Issuance Notice for NIDs or INIDs IProgramme
Section 7 : Information and Documents to Be Submitted To The SC For PostIssuance Revision
Part 4 : Asset-Backed Securities
Section 1 : Lodgement Form for ABS

GUIDELINES ON ISSUER ELIGIBILITY – STRUCTURED WARRANTS
1.0 General
2.0 Eligible Issuers of Structured Warrants
3.0 Requirements on Issuers
4.0 Supervisory Action
5.0 Submission of Declaration
Schedules
Appendix

GUIDELINES ON CONDUCT FOR CAPITAL MARKET INTERMEDIARIES
Chapter 1: Introduction
Chapter 2: Applicability
Chapter 3: Related Provisions
Chapter 4: Definitions
Chapter 5: Honesty And Fairness
Chapter 6: Care, Skill And Diligence
Chapter 7: Conflict Of Interest
Chapter 8: Clients’ Assets And Information
Chapter 9: Communication With Clients And Regulators
Chapter 10: Compliance
Chapter 11: The SC’s Assessment On Compliance With These Guidelines

GUIDANCE NOTE ON PROVISION OF INVESTMENT ADVICE
Part I Introduction
Part II General Illustrations

Fundamentals include the basic qualitative and quantitative information that contributes to the financial or economic well-being of a company, security, or currency, and their subsequent financial valuation. Where qualitative information includes elements that cannot be directly measured, such as management experience, quantitative analysis (QA) uses mathematics and statistics to understand the asset and predict its movements…Read more

Key takeaways

Section 3

BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS
Chapter 2: General
Part A – General
Part B – Application of These Requirements
Part C – Documents to Comply with These Requirements
Part D – Information
Part E – Fees and Other Charges
Part E(A) – Directors and Other Key Officers
Part F – Advisers / Share Registrars
Part G – Other Person Primarily Responsible for Listed Issuer
Part H – Others
Part I – Amendments to These Requirements
Part J – Exchange Holding Company and the Exchange
Appendices
Chapter 3: Admission
Part A - General
Part B – Admission Part C – Price Stabilization Mechanism
Part D – Transfer of Listed Corporation to the Main Market
Chapter 4: Admission for Specific
Applicants
Part A – General
Part B – Closed-End Funds
Part C – Real Estate Investment Trusts
Part D – Exchange-Traded Funds
Part E – Special Purpose Acquisition Companies
Part G –Stapled Securities
Appendices
Chapter 4A: Foreign Listing Part A – General Part B – Admission Requirements for Primary Listing Part C - Specific Continuing Obligations Relating to Foreign Issuers with a Primary Listing Part D – Admission Requirements for a Secondary Listing Part E – Specific Continuing Obligations Relating to Issuers with a Secondary Listing Chapter 4B: Listing of Sukuk and Debt Securities Part A – General Part B – Definitions Part C – Exchange Traded Bonds Part C1- Admission of Exchange Traded Bonds Part C2 – Continuing Listing Obligations of Exchange Traded Bonds Part D – Exempt Regime Part D1 – Admission under an Exempt Regime Part D2 – Continuing Listing Obligations Part E – De-listing by the Exchange Chapter 5: Structured Warrants Part A - General Part B – Definitions Part C – Underlying Financial Instrument Part D – Admission Part E – Terms and Conditions
Part F – Trust Deed/Deed Poll
Part G - Trading
Part H – Settlement of Structured Warrants
Part I - Further Issue
Part J – Issue of Basket Warrants
Part K – Continuing Listing Obligations
Part L – Announcements
Part M – Implementation of Proposals
Appendix
Chapter 6: New Issues of Securities
Part A - General
Part B – Admission
Part C – General Requirements for New Issue of Securities
Part D – Additional Requirements Relating to Placement
Part E – Additional Requirements Relating to a Rights Issue
Part F – Additional Requirements in relation to a Bonus Issue
Part G – Additional Requirements Relating to a Share Issuance Scheme
Part G(A) – Additional Requirements Relating to Dividend Reinvestment Scheme
Part H – Additional Requirements Relating to an Issue of Debt Securities and Redeemable Preference Shares
Part I – Additional Requirements Relating to an Issue of Convertible Securities
Part J – Requirements Relating to Real Estate Investment Trusts
Part K – Requirements Relating to Exchange-Traded Funds
Part L – Requirements Relating to Special Purpose Acquisition Companies
Part M – Implementation of Proposals
Appendices
Chapter 8: Continuing Listing Obligations Part A - General Part B – Continuing Listing Criteria Part C – Operational Matters Part D – Sponsorship of Depository Receipts
Part E– Offer for Sale
Part F – Directors
Part G– Share Issuance Scheme
Part H – Others
Part I - Specific Continuing Obligations Relating to Price Stabilization Mechanism
Part J – Specific Continuing Obligations Relating to Closed-End Funds
Part K – Specific Continuing Obligations Relating to Real Estate Investment Trusts
Part L – Specific Continuing Obligations Relating to Exchange-Traded Funds
Part M – Specific Continuing Obligations Relating to Special Purpose Acquisition Companies
Appendices
Chapter 9: Continuing Disclosure Part A – General Part A(A) - Definitions Part B – Corporate Disclosure Policy Part C – Immediate Disclosure of Material Information Part D – Thorough Public Dissemination Part E – Clarification, Confirmation or Denial of Rumours or Reports Part F – Response to Unusual Market Activity Part G – Unwarranted Promotional Disclosure Activity Part H – Insider Trading Part I – Preparation of Announcements Part J – Immediate Disclosure Requirements Part K – Periodic Disclosures Part L – Circulars and Other Requirements Part L(A) – Standard of Disclosure for Announcement and Circular Part M - Disclosure Requirements for Specific Listed Issuers Part M1 – Infrastructure Project Corporations Part M2 –Closed-End Funds Part M3 – Real Estate Investment Trusts Part M4 – Exchange-Traded Funds Part M5 – Special Purpose Acquisition Companies Part M7 – MOG Listed Issuers Appendices Chapter 10: Transactions Part A - General Part B – Definitions Part C – Valuation and Information Part D – Acquisitions and Disposals Part E – Related Party Transactions Part F – Very Substantial Transaction and Significant Change in the Business Direction or Policy Part F(A) – Major Disposal of Assets Resulting in Listed Corporation No Longer Suitable for Listing Part G – Other Requirements
PART I - Acquisition or Disposal Involving MOG Assets
PART J - Specific Requirements Relating to REITS
Appendices
Chapter 12: Share Buy-Backs Part A - General Part B – Definitions Part C – General Requirements Part D – Source of Funds Part F – Additional Requirements Part G- Specific Requirements for Share Buy-Back by a Special Purpose Acquisition Company Part H – Requirements Relating to Buy Back of Odd Lot Shares Part J - Specific Requirements for Unit Buy-Back by a REIT Appendices Chapter 13: Arrangements and Reconstructions Part A – General Part B – Schemes of Compromise, Arrangement, Amalgamation and Reconstruction Part C – Subdivision of Shares
Part D – Consolidation of Shares
Appendices
Chapter 14: Dealings in Listed Securities
Part A – General
Part B – Definitions
Part C – Application
Part D – Restrictions
Part E – Exemptions
Part F – Procedures for Dealings
Chapter 15: Corporate Governance
Part A – General
Part B – Directors
Part B(A) – Nominating Committee
Part C – Audit Committee
Part D – Auditors
Part E – Corporate Governance Disclosure Part F – Internal Audit Chapter 16: Suspension, De-Listing and Enforcement Part A – General Part B – Trading Halt and Suspension Part C – Withdrawal of Listing and De-Listing by the Exchange Part D – Enforcement Appendix Practice Notes Practice Note 2 - Request for Suspension Practice Note 5 – Training for Directors Practice Note 7 - Classification of Applicants or Listed Issuers Practice Note 9 - Risk Management and Internal Control, Corporate Governance and Sustainability Statement Practice Note 11- Provision of Financial Assistance Practice Note 12 - Recurrent Related Party Transactions Practice Note 13 - Requirements for Directors and Signatory of Statutory Declaration for Accounts Practice Note 14 –Principle of Aggregation for Transactions Practice Note 16 - Cash Companies Practice Note 17 - Criteria & Obligations of PN17 Issuers Practice Note 18 - Perusal of Draft Circulars and Other Documents Practice Note 19 - Public Security Holding Spread Practice Note 20 – Trading Halt
Practice Note 21 – Listing Procedures for Initial Admission>br> Practice Note 22 – Transfer of Listed Corporations to the Main Market
Practice Note 23 – Listing Procedures for Specific Applicants
Practice Note 24 – Listing Procedures for Foreign Listing
Practice Note 25 – Listing Procedures for New Issue of Securities by Issuers with Secondary Listing Practice Note 26 – Listing Procedures of Sukuk and Debt Securities
Practice Note 27 – Listing Procedures for Structured Warrants
Practice Note 28 - Listing Procedures for New Issues of Securities
Practice Note 29 - Saving and Transitional Provisions Practice Note 30 – Enforcement Proceedings and Related Matters Practice Note 31 – Stapled Securities Practice Note 32 - Additional Requirements for Listed Issuers involved in MOG Activities Practice Note 33 – Specific Proposal BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS Chapter 2: General Part A – General Part B – Application of These Requirements Part C – Documents to Comply with These Requirements Part D – Information Part E – Fees and Other Charges Part E(A) – Directors and Other Key Officers Part F – Advisers / Share Registrars Part G – Other Person Primarily Responsible for Listed Corporations Part H – Others Part I – Amendments to These Requirements Part J – Exchange Holding Company and the Exchange Part K - Conclusion Appendices Chapter 3: Admission Part A – General Part B – Admission Part B(A) - Requirements for Prospectus Part C – Methods of Offering of Securities
Part D – Sponsors
Appendix
Chapter 4: Sponsors
Part A - General
Part B - Definitions
Part C - Admission of Sponsors Part D - Sponsors’ Obligations Part E - Ending a Sponsorship or Removal from the Register of Sponsors Part F - Review of Performance and Conduct of Sponsors Part G - Rules Governing Sponsored Corporations in Dealing with Sponsors Appendix Chapter 5: Foreign Listing Part A – General Part B – Admission Part C – Continuing Obligations of a Listed Corporation Chapter 6: New Issue of Securities Part A – General Part B – Admission Part C – General Requirements for New Issue of Securities Part D – Additional Requirements Relating to Placement Part E – Additional Requirements Relating to a Rights Issue Part F – Additional Requirements in Relation to a Bonus Issue Part G – Additional Requirements Relating to a Share Issuance Scheme Part G(A) – Additional Requirements Relating to Dividend Reinvestment Scheme Part H – Additional Requirements Relating to an Issue of Debt Securities and Redeemable Preference Shares Part I – Additional Requirements Relating to an Issue of Convertible Securities Part J – Implementation of Proposal Appendices Chapter 8: Continuing Listing Obligations Part A – General Part B – Continuing Listing Criteria Part C – Operational Matters Part D – Sponsorship of Depository Receipts Part E – Offer for Sale Part F – Directors Part G – Share Issuance Scheme
Part H – Others
Part I – Specific Continuing Obligations Relating to Price Stabilization MechanismPart C - Admission of Sponsors Part D - Sponsors’ Obligations Part E - Ending a Sponsorship or Removal from the Register of Sponsors Part F - Review of Performance and Conduct of Sponsors Part G - Rules Governing Sponsored Corporations in Dealing with Sponsors Appendix Chapter 5: Foreign Listing Part A – General Part B – Admission Part C – Continuing Obligations of a Listed Corporation Chapter 6: New Issue of Securities Part A – General Part B – Admission Part C – General Requirements for New Issue of Securities Part D – Additional Requirements Relating to Placement Part E – Additional Requirements Relating to a Rights Issue Part F – Additional Requirements in Relation to a Bonus Issue Part G – Additional Requirements Relating to a Share Issuance Scheme Part G(A) – Additional Requirements Relating to Dividend Reinvestment Scheme Part H – Additional Requirements Relating to an Issue of Debt Securities and Redeemable Preference Shares Part I – Additional Requirements Relating to an Issue of Convertible Securities Part J – Implementation of Proposal Appendices Chapter 8: Continuing Listing Obligations Part A – General Part B – Continuing Listing Criteria Part C – Operational Matters Part D – Sponsorship of Depository Receipts Part E – Offer for Sale Part F – Directors Part G – Share Issuance Scheme Part H – Others Part I – Specific Continuing Obligations Relating to Price Stabilization Mechanism AppendicesPart C - Admission of Sponsors Part D - Sponsors’ Obligations Part E - Ending a Sponsorship or Removal from the Register of Sponsors Part F - Review of Performance and Conduct of Sponsors Part G - Rules Governing Sponsored Corporations in Dealing with Sponsors Appendix Chapter 5: Foreign Listing Part A – General Part B – Admission Part C – Continuing Obligations of a Listed Corporation Chapter 6: New Issue of Securities Part A – General Part B – Admission Part C – General Requirements for New Issue of Securities Part D – Additional Requirements Relating to Placement Part E – Additional Requirements Relating to a Rights Issue Part F – Additional Requirements in Relation to a Bonus Issue
Part G – Additional Requirements Relating to a Share Issuance Scheme
Part G(A) – Additional Requirements Relating to Dividend Reinvestment Scheme
Part H – Additional Requirements Relating to an Issue of Debt Securities and Redeemable Preference Shares
Part I – Additional Requirements Relating to an Issue of Convertible Securities
Part J – Implementation of Proposal
Appendices
Chapter 8: Continuing Listing Obligations
Part A – General
Part B – Continuing Listing Criteria
Part C – Operational Matters
Part D – Sponsorship of Depository Receipts
Part E – Offer for Sale
Part F – Directors
Part G – Share Issuance Scheme
Part H – Others
Part I – Specific Continuing Obligations Relating to Price Stabilization Mechanism
Appendices
Appendices
Chapter 9: Continuing Disclosure Part A – General Part B – Corporate Disclosure Policy Part C – Immediate Disclosure of Material Information Part D – Thorough Public Dissemination Part E – Clarification, Confirmation or Denial of Rumours or Reports Part F – Response to Unusual Market Activity Part G – Unwarranted Promotional Disclosure Activity Part H – Insider Trading Part I – Preparation of Announcements Part J – Immediate Disclosure Requirements Part K – Periodic Disclosures Part L – Circulars and Other Requirements Part L(A) - Standard of Disclosure for Announcement And Circular Appendices Chapter 10: Transactions Part A – General Part B – Definitions Part C – Valuation and Information Part D – Acquisitions and Disposals Part E – Related Party Transactions Part F – Very Substantial Transaction and Significant Change in the Business Direction or Policy Part F(A) – Major Disposal of Assets Resulting in Listed Corporations No Longer Suitable for Listing Part G – Other Requirements Appendices Chapter 12: Share Buy-Backs Part A - General Part B – Definitions Part C – General Requirements Part D – Source of Funds Part F – Additional Requirements Part G – Requirement Relating to Buy Back of Odd Lot Shares Appendices Chapter 13: Arrangements and Reconstructions Part A – General
Part B – Schemes of Compromise, Arrangement, Amalgamation and Reconstruction
Part C – Subdivision of Shares
Part D – Consolidation of Shares Appendices Chapter 14: Dealings in Listed Securities Part A – General Part B – Definitions Part C – Application Part D – Restrictions Part E – Exemptions Part F – Procedures for Dealings Chapter 15: Corporate Governance Part A – General Part B – Directors Part B(A) – Nominating Committee Part C – Audit Committee Part D – Auditors Part E – Corporate Governance Disclosure Part F – Internal Audit Part H - Anti-Corruption and Whistle-Blowing Chapter 16: Suspension, De-Listing and Enforcement Part A – General Part B – Trading Halt and Suspension Part C – Withdrawal of Listing and De-Listing by the Exchange Part D – Enforcement
Appendix
Guidance Notes
Guidance Note 1– Classification of Applications or Listed Corporations Guidance Note 2 – Cash Companies
Guidance Note 3 – Criteria and Obligations of GN3 Companies
Guidance Note 4 – Provision of Financial Assistance
Guidance Note 7 – Principle of Aggregation for Transactions
Guidance Note 8 – Recurrent Related Party Transactions
Guidance Note 9 – Requirements for Directors and Signatory of Statutory Declaration for Accounts
Guidance Note 11 – Risk Management and Internal Control, and Corporate Governance Statement Guidance Note 12 – Request for Suspension Guidance Note 13 – Public Shareholding Spread Guidance Note 14 – Trading Halt Guidance Note 15 – Listing Procedures for Initial Admission and Prospectus Registration Guidance Note 16 – Listing Procedures for Foreign Listing and Prospectus Registration Guidance Note 17 – Listing Procedures for New Issues of Securities and Subdivision of Shares Guidance Note 18 – Roles and Responsibilities of Sponsors Guidance Note 19 – Appointment of Adviser for Corporate Proposals Guidance Note 20 – Saving and Transitional Provisions Guidance Note 21 – Enforcement Proceedings and Related Matters Guidance Note 22 – Perusal of Draft Circulars and Other Documents Guidance Note 23 – Requirements Relating to Prospectus and Advertising Restrictions

BURSA MALAYSIA SECURITIES BERHAD LEAP MARKET LISTING REQUIREMENTS Chapter 2: General
Part A – General
Part B – Application of These Requirements
Part C – Information and Documents
Part D – Issuance of Documents By Electronic Means
Part E – Fees and Other Charges
Part F – Advisers
Part G – Others
Part H – Amendments to These Requirements
Part I – Exchange Holding Company and The Exchange
Part J – Qualified Market
Chapter 3: Admission
Part A – Admission
Part B – Methods of Offering of Securities
Part C – Continuing Advisers
Appendix 3A – Contents of information memorandum
Chapter 4 – Advisers
Part A – Definitions
Part B – Admission of Advisers
Part C – Adviser’s Obligations
Part D – Listing Activities
Part E – Post-Listing Activities
Part F – Ending Advisory Services or Removal from the Register of Advisers
Part G – Rules Governing Listed Corporations in Dealing with Advisers Chapter 5 – New Issues of Securities Part A – General Part B – General Requirements for New Issue of Securities Part C – Requirements Relating to Placement Part D – Requirements Relating to a Rights Issue Part E – Requirements in Relation to a Bonus Issue
Part F – Requirements Relating to an Issue of Convertible Securities Appendix 5A
Chapter 6 – Continuing Listing Obligations
Part A – General
Part B – Continuing Listing

Obligations
Part C – Continuing Disclosure
Appendix 6A
Chapter 7 – Transactions
Part A – General
Part B – Definitions
Part C – Valuation and Information
Part D – Discloseable Transactions Part E – Related Party Transactions Part F – Significant Change in the Business Direction or Policy
Part G – Major Disposal of Assets Resulting in Listed Corporations No Longer Suitable for Listing
Appendix 7A
Chapter 8 – Suspension, De-Listing and Enforcement
Part A – General
Part B – Trading Halt and Suspension
Part C – Withdrawal of Listing and De-Listing By the Exchange
Part D - Enforcement
Appendix 8A
Appendix 8B
Appendix 8C

Fundamentals include the basic qualitative and quantitative information that contributes to the financial or economic well-being of a company, security, or currency, and their subsequent financial valuation. Where qualitative information includes elements that cannot be directly measured, such as management experience, quantitative analysis (QA) uses mathematics and statistics to understand the asset and predict its movements…Read more

Key takeaways