Immediate disclosure requirements – dealings in quoted securities |
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9.25 | Website |
| | (a) | Under the ACE LR, Rule 9.21 mandates a listed corporation to have its own website. Is there a timeframe prescribed by Bursa Securities for the listed corporation to set up its website? |
| | | A listed corporation must have its own website by 3 August 2009 when the ACE LR takes effect. |
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| | (b) | Is a listed corporation required to comply with a prescribed minimum content in respect of its website? |
| | | No. However, a listed corporation must publish on its website all announcements made to Bursa Securities. Further, the listed corporation must ensure that the website is current, informative and contains all information which may be relevant to the listed corporation’s shareholders including analyst’s briefings. |
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| | (c) | When is a listed corporation required to publish announcements on its website? |
| | | A listed corporation is required to publish announcements made to Bursa Securities on its website as soon as practicable after such announcements are released on Bursa Securities' website. The listed corporation must not publish any announcements on its website before the same is released by Bursa Securities. |
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| | (d) | Rule 9.21(2) of the ACE LR requires every listed corporation to publish on its website all announcements made to the Exchange pursuant to the ACE LR. How long must a listed corporation maintain such announcements on its website? |
| | | The ACE LR does not prescribe the duration for such announcements to be maintained on a listed corporation’s website. The listed corporation may exercise its discretion on how long it will maintain its announcements on its website. In any event, a listed corporation should ensure that its website is current, informative and contain all information which may be relevant to its shareholders, as provided under Rule 9.21(4) of the ACE LR. |
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| | (e) | Rule 9.21(3) of the ACE LR requires a listed corporation to ensure that its website contains the email address, name(s) of designated person(s) and their contact numbers to enable the public to forward queries to the listed corporation. What are the queries envisaged by this requirement, and must the listed corporation answer all queries? |
| | | This requirement is imposed to enable a listed corporation to improve its investor relations with its stakeholders, especially the shareholders. Hence, a shareholder may forward any query to its listed corporation. The listed corporation should use its best endeavours to respond to the queries. |
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| | (f) | Can a listed corporation provide a link in its website that enables its announcements that are posted on Bursa Securities’ website tom be similarly made available on its website? |
| | | Yes, a listed corporation may do so only if it has procures Bursa Malaysia's approval and enters into an agreement with Bursa Malaysia. This is to avoid any issue of copyright infringement by such listed corporation. Further, the listed corporation must ensure that the link will enable announcements to be viewed seamlessly as part of the listed corporation’s web pages. The listed corporation may contact Bursa Securities’ Information Services Division for further details on such arrangements. |
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| | (g) | Can a group of corporations share one website? |
| | | Yes, provided that each listed corporation within the group has its own distinctive and designated web pages and shareholders are able to retrieve the information on each of their listed corporations easily. In short, the listed corporations within the group must each ensure compliance of its web pages within the shared website with Rule 9.21(1) of the ACE LR. |