With effect from 27 January 2015, Guidance Note 5 will be deleted from the ACE LR and the requirements relating to default in payment will be set out in Rule 9.19A of the ACE LR instead.
DEF Bhd, a listed corporation, triggers the criteria for default in payment on 30 January 2015. Which template under Bursa LINK should DEF Bhd use to make the immediate announcement and monthly status updates required under Rule 9.19A of the ACE LR?
DEF Bhd must make the required immediate announcement and monthly status updates in the “General Announcement” template under the main keyword “Others” in the “Subject” column. There will no longer be any sub keyword in the “Subject” column for a default in payment announcement.
If DEF Bhd triggered the criteria for default in payment under Guidance Note 5 on 15 January 2015 which was announced by DEF Bhd on the same date, which template under Bursa LINK should DEF Bhd use to make the announcement of the default in payment as well as the monthly status updates?
the announcement of the default in payment on 15 January 2015 should be made in the “General Announcement” template under the main keyword “Practice Note 1/Guidance Note 5” and sub keyword “New Default” in the “Subject” column; and
the announcement of the monthly status update in February 2015 and thereafter should be made in the “General Announcement” template under the main keyword “Others” in the “Subject” column. There will no longer be any sub keyword in the “Subject” column for the monthly status update announcement.