Financial assistance
8.40
Pursuant to paragraph 8.23(2)(e) of the Main LR, a moneylending company must make quarterly disclosures of certain information as prescribed not later than 7 market days after the end of each quarter of a financial year (“Quarterly Disclosure”). A moneylending company does not lend or advance any money in a particular quarter. Does it still have to make the Quarterly Disclosure?
In a situation where there is no new money lending activities in that particular quarter and no outstanding advances or loans from the previous quarters, then for subsequent Quarterly Disclosure , the listed issuer would only need to make a negative statement to that effect in its Quarterly Disclosure. If there are still outstanding advances or loans, the listed issuer is required to comply with paragraph 8.23(2)(e) of the Main LR.