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[ACE LR] GUIDANCE NOTE 20 - ​SAVING AND TRANSITIONAL PROVISIONS

 [ As at 3 August 2009 ]
BURSA MALAYSIA SECURITIES BERHAD
GUIDANCE NOTE 20
SAVING AND TRANSITIONAL PROVISIONS

​DetailsCross References​
​Effective date:3 August 2009Rules 8.03, 8.04, 13.04, 13.05 and 16.11

 

1.0Introduction
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​1.1​This Guidance Note sets out the requirements that must be complied with by the relevant listed corporations arising from the amendments to Rules 8.03 and 8.04, Guidance Notes 2 and 3 of the Listing Requirements with effect from 3 August 2009.
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​1.2​This Guidance Note applies to the following listed corporations which are subjected to the following Listing Requirements prior to 3 August 2009:
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​(a)Original GN2 Companies - Rule 8.14 and Guidance Note No 2/2006 from 8 May 2006 to 2 August 2009 ("Original GN2 Framework", as set out in Annexure GN20-A); and
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​(b)Original GN3 Companies - Rule 8.16 and Guidance Note No 3/2006 from 8 May 2006 to 2 August 2009 ("Original GN3 Framework", as set out in Annexure GN20-B).
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​2.0Saving and Transitional Provisions for the Original GN2 and GN3 Companies
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​2.1The amendments to the Original GN2 and GN3 Framework with effect from 3 August 2009 shall not in any way affect the obligations of the listed corporations which -
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​(a)had been considered a Cash Company pursuant to Rule 8.14; or
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​(b)​triggered any of the criteria set out in paragraph 2.1 of GN3,
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​​before 3 August 2009 under the Original GN2 or GN3 Framework, as the case may be.
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​2.2Subject to paragraph 2.3 below, the Original GN2 or GN3 Companies must continue to comply with their obligations under the Original GN2 or GN3 Framework, as the case may be.
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​2.3Notwithstanding paragraph 2.2 above, an Original GN2 or GN3 Company may apply to the Exchange to regularise its condition under Rule 8.03 and Guidance Note 2 or Rule 8.04 and Guidance Note 3 of the Listing Requirements which come into effect on 3 August 2009, provided that such Original GN2 and GN3 Company is still within the stipulated or extended timeframe granted by the Exchange to submit its proposal to regularise its condition under the Original GN2 or GN3 Framework, as the case may be.

 

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Annexure GN20-A.pdf
Annexure GN20-B.pdf