Listing procedures


What is the key difference between the procedures under paragraph 2.0 and 4.0 of Practice Note 28?
Pursuant to paragraph 2.0 of Practice Note 28, the listed issuer is required to submit 2 applications to Bursa Securities for approval -


Additional Listing Application ("ALA") - of which the approval from Bursa Securities will be sought for the listing of new securities; and
​(ii)Quotation Application – of which listed issuer is required to furnish Bursa Securities with the requisite documents/confirmations to facilitate the listing and quotation of the new securities on Bursa Securities.

However, under paragraph 4.0 of Practice Note 28, the Quotation Application is merged with the ALA. Hence, only 1 application is required to be submitted to Bursa Securities ("Consolidated Application"). All the requisite documents/confirmations required under the Quotation Application will be procured in the form of undertakings when the listed issuer submits its Consolidated Application.

The procedures under paragraph 4.0 of Practice Note 28 are similar to paragraph 3.0 of Practice Note 28 in relation to the listing of bonus issue of securities and convertible securities arising from the bonus issue, which was implemented successfully in April 2007 with the objective of shortening the time to market.