​​[ As at 3 August 2009 ]​

BURSA MALAYSIA SECURITIES BERHAD

PRACTICE NOTE 29
SAVING AND TRANSITIONAL PROVISIONS

 

DetailsCross References
Revision date:3 August 2009Paragraph 8.03, 8.04, 13.04, 13.05 and 16.11

 

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​​1.0Introduction
​​​​​​1.1This Practice Note sets out the requirements that must be complied with by the relevant listed issuers arising from the amendments to paragraphs 8.03 and 8.04, Practice Notes 16 and 17 of the Listing Requirements with effect from 3 August 2009.
1.2This Practice Note applies to the following listed issuers which are subjected to the following Listing Requirements prior to 3 August 2009:
(a)PN4 Companies - paragraph 8.14 and Practice Note No 4/2001 from 15 February 2001 to 2 January 2005 ("PN4 Framework", as set out in Annexure PN29-A.pdf);
(b)PN10 Companies - paragraph 8.16 and Practice Note No 10/2001, from 15 January 2001 to 2 January 2005 ("PN10 Framework" as set out in Annexure PN29-B.pdf);
(c)Original PN16 Companies - paragraph 8.14B and Practice Note No 16/2005 from 3 January 2005 to 4 May 2006 ("Original PN16 Framework", as set out in Annexure PN29-C.pdf);
(d)Original PN17 Companies - paragraph 8.14C and Practice Note No 17/2005 from 3 January 2005 to 4 May 2006 ("Original PN17 Framework", as set out in Annexure PN29-D.pdf);
(e)Amended PN16 Companies - amended paragraph 8.14B and Practice Note No 16/2005 from 5 May 2006 to 2 August 2009 ("Amended PN16 Framework", as set out in Annexure PN29-E.pdf); and
(f)Amended PN17 Companies – amended paragraph 8.14C and Practice Note No 17/2005 from 5 May 2006 to 2 August 2009 ("Amended PN17 Framework", as set out in Annexure PN29-F.pdf).
2.0Saving and Transitional Provisions for PN 4 and PN 10 Companies
2.1The repeal of PN 4 Framework and PN 10 Framework with effect from 3 January 2005 shall not in any way affect the obligations of the listed issuers which -
(a)triggered any of the criteria set out in paragraph 2.1 of PN4; or
(b)had been determined by the Exchange as having inadequate level of operations to warrant continued trading,  listing or both, on the Official List pursuant to PN10 Framework,
before 3 January 2005.
2.2The PN4 and PN10 Companies must continue to comply with their obligations under the PN 4 Framework or PN 10 Framework, as the case may be.
3.0Saving and transitional provision for Original PN16 and PN17 Companies
3.1The amendments to the Original PN16 Framework and Original PN17 Framework with effect from 5 May 2006 shall not in any way affect the obligations of the listed issuers which -
(a)had been considered a Cash Company pursuant to paragraph 8.14B; or
(b)triggered any of the criteria set out in paragraph 2.1 of PN17,
before 5 May 2006.
3.2The Original PN16 and PN17 Companies must continue to comply with their obligations under the Original PN16 and PN17 Framework.
4.0Saving and transitional provision for Amended PN16 and PN17 Companies
4.1The amendments to the Amended PN16 Framework and Amended PN17 Framework with effect from 3 August 2009 shall not in any way affect the obligations of the listed issuers which -
(a)had been considered a Cash Company pursuant to paragraph 8.14B; or
​​(b)triggered any of the criteria set out in paragraph 2.1 of PN17,
before 3 August 2009.
4.2Subject to paragraph 4.3 below, the Amended PN16 and Amended PN17 Companies must continue to comply with their obligations under the Amended PN16 and Amended PN17 Framework, as the case may be. 
4.3

Notwithstanding paragraph 4.2 above, an Amended PN16 Company or Amended PN17 Company may apply to the Exchange to regularise its condition under paragraph 8.03 and PN16 or paragraph 8.04 and PN17 of the Listing Requirements which come into effect on 3 August 2009, provided that such Amended PN16 or Amended PN17 Company is still within the stipulated or extended timeframe granted by the Exchange to submit its proposal or plan to regularise its condition under the Amended PN16 or Amended PN17 Framework, as the case may be.

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Annexure PN29-A.pdf
Annexure PN29-B.pdf
Annexure PN29-C.pdf
Annexure PN29-D.pdf
Annexure PN29-E.pdf
Annexure PN29-F.pdf