FAQ 8.16

*PN17 Issuers*

8.16	*X Bhd* is a PN17 Issuer. Pursuant to paragraph 8.04(3)(a)(i)(bb) of the Main LR, *X Bhd* submits a plan to regularise its conditions to Bursa Securities for approval. While *X Bhd* is awaiting Bursa Securities' approval, it has ceased to trigger the Prescribed Criteria. Can *X Bhd* apply to Bursa Securities for it to be no longer considered a PN17 Issuer?
	No, pursuant to paragraph 8.04(8) of the Main LR, X Bhd must complete the implementation of the plan to regularise its condition before it can apply to Bursa Securities for it to be no longer considered a PN17 Issuer. So, even though X Bhd has ceased to trigger the Prescribed Criteria, that would not entitle it to be no longer considered as a PN17 Issuer until it has completed its plan to regularise its condition.

FAQ 8.16 // <![CDATA[ _spBodyOnLoadFunctionNames.push("setupPageDescriptionCallout"); // ]]>