CHAPTER 1 | DEFINITION AND INTERPRETATION |
| PART A | DEFINITIONS |
| 1.01 | Definitions |
| | |
| PART B | INTERPRETATION |
| 1.02 | Interpretation |
| 1.03 | Incidental powers etc of the Exchange |
| 1.04 | Gender |
| 1.05 | Singular and Plural |
| 1.06 | Headings |
| 1.07 | Appendices |
| 1.08 | Schedules |
| 1.09 | References |
| | |
CHAPTER 2 | GENERAL |
| PART A | GENERAL |
| 2.01 | Introduction |
| 2.02 | Purpose of these Requirements |
| 2.03 | General principles |
| | |
| PART B | APPLICATION OF THESE REQUIREMENTS |
| 2.04 | Obligation to comply |
| 2.05 | Spirit of these Requirements |
| 2.06 | Waivers and modifications |
| 2.07 | Varying or revoking decisions |
| 2.08 | Practice Notes |
| 2.09 | Application of these Requirements to a collective investment scheme |
| | |
| PART C | DOCUMENTS TO COMPLY WITH THESE REQUIREMENTS |
| 2.10 | Documents to comply with these Requirements |
| 2.11 | Timing of submission |
| 2.12 | Letters of compliance |
| | |
| PART D | INFORMATION |
| 2.13 | Form of information |
| 2.14 | Giving the Exchange information |
| 2.14A | Personal Data Notice |
| 2.15 | Submission of information |
| 2.16 | The Exchange's power to deal with documents |
| 2.17 | Verification of report or information |
| 2.18 | Contents of statement, information or document |
| 2.18A | Attendance before the Exchange |
| 2.19 | Indemnity |
| | |
| PART E | FEES, OTHER CHARGES AND SERVICES TAX |
| 2.20 | Fees, other charges and Goods and Services Tax |
| | |
| PART E(A) | DIRECTORS AND OTHER KEY OFFICERS |
| 2.20A | Qualification of directors and other key officers |
| | |
| PART F | ADVISERS / SHARE REGISTRARS |
| 2.21 | Undertaking by adviser |
| 2.21A | Share registrar |
| | |
| PART G | OTHER PERSON PRIMARILY RESPONSIBLE FOR LISTED ISSUER |
| 2.22 | Undertaking by a person responsible for a listed issuer |
| | |
| PART H | OTHERS |
| 2.23 | Instructions or directives issued by the Exchange |
| 2.24 | Special auditor |
| 2.25 | Conduct |
| 2.26 | Notices by the Exchange |
| 2.27 | Issuance of new securities in foreign currency |
| | |
| PART I | AMENDMENTS TO THESE REQUIREMENTS |
| 2.28 | Amendments to these Requirements |
| 2.28A | Validity of actions |
| | |
| PART J | EXCHANGE HOLDING COMPANY AND THE EXCHANGE |
| 2.29 | Powers of the Exchange Holding Company |
| 2.30 | Liability of the Exchange, etc. |
| | |
| APPENDIX 2A | Undertaking by an adviser |
| | |
| APPENDIX 2B | Undertaking by a person responsible for the management of a listed issuer |
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CHAPTER 3 | ADMISSION |
| PART A | GENERAL |
| 3.01 | Introduction |
| | |
| PART B | ADMISSION |
| 3.02 | Admission |
| 3.03 | Approval from other authorities |
| 3.04 | Independent directors |
| 3.05 | Audit committee |
| 3.06 | Shareholding or unit holding spread |
| 3.07 | Articles of association |
| | |
| PART C | PRICE STABILIZATION MECHANISM |
| 3.08 | Additional requirements for price stabilization mechanism |
| | |
| PART D | TRANSFER OF LISTED CORPORATION TO THE MAIN MARKET |
| 3.09 | Transfer to the Main Market |
| | |
CHAPTER 4 | ADMISSION FOR SPECIFIC APPLICANTS |
| PART A | GENERAL |
| 4.01 | Introduction |
| | |
| PART B | CLOSED–END FUNDS |
| 4.02 | Requirement in respect of independent director |
| 4.03 | Shareholding spread of closed-end funds |
| | |
| PART C | REAL ESTATE INVESTMENT TRUSTS |
| 4.04 | Admission |
| 4.05 | Independent director of management company |
| 4.06 | Requirement for audit committee not applicable |
| 4.07 | Unit spread of real estate investment trust |
| 4.08 | Provisions in the trust deed |
| | |
| PART D | EXCHANGE-TRADED FUNDS |
| 4.09 | Admission |
| 4.10 | Independent directors of management company |
| 4.11 | Requirement for audit committee not applicable |
| 4.12 | Unit spread of exchange-traded fund |
| 4.13 | Provisions in the deed or constituent document |
| | |
| PART E | SPECIAL PURPOSE ACQUISITION COMPANIES |
| 4.14 | Admission |
| 4.15 | Shareholding spread of a SPAC |
| | |
| PART F | BUSINESS TRUST |
| 4.16 | Admission |
| 4.17 | Independent director of trustee-manager |
| 4.18 | Audit committee of trustee-manager |
| 4.19 | Unit spread of business trust |
| | |
| PART G | STAPLED SECURITIES |
| 4.20 | Admission |
| 4.21 | Application of these Requirements |
| | |
| APPENDIX 4A | Contents of deed in respect of a real estate investment trust |
| | |
| APPENDIX 4B | Contents of deed in respect of an exchange-traded fund |
| | |
CHAPTER 4A | FOREIGN LISTING |
| PART A | GENERAL |
| 4A.01 | Introduction |
| | |
| PART B | ADMISSION REQUIREMENTS FOR PRIMARY LISTING |
| 4A.02 | Introduction |
| 4A.03 | Transfer and registration of securities facilities |
| 4A.04 | Appointment of directors |
| 4A.04A | Audit committee |
| 4A.05 | Agent or representative |
| 4A.06 | Admission |
| | |
| PART C | SPECIFIC CONTINUING OBLIGATIONS RELATING TO FOREIGN ISSUERS WITH A PRIMARY LISTING |
| 4A.07 | Introduction |
| 4A.08 | Other obligations |
| 4A.09 | Auditing standards |
| 4A.09A | Shareholder approval required to appoint or remove external
auditors |
| 4A.10 | Information/documents in English |
| 4A.11 | Information to be disclosed |
| 4A.12 | Distribution of notices etc |
| 4A.13 | Announcement of appointment of directors |
| 4A.14 | Substantial shareholdings or unit holdings |
| 4A.15 | Financial statements |
| 4A.16 | Statutory declaration in relation to annual audited financial statements |
| 4A.17 | Notification of suspension and de-listing |
| 4A.18 | Admission and quotation of new issue of securities |
| 4A.18A | Announcement on change of laws |
| 4A.18B | System of internal control
|
| | |
| PART D | ADMISSION REQUIREMENTS FOR A SECONDARY LISTING |
| 4A.19 | Introduction |
| 4A.20 | Admission |
| 4A.21 | Approval from other authorities |
| 4A.22 | Other Obligations |
| | |
| PART E | SPECIFIC CONTINUING OBLIGATIONS RELATING TO ISSUERS WITH A SECONDARY LISTING |
| 4A.23 | Introduction |
| 4A.24 | New issue of securities by a corporation with a secondary listing |
| 4A.25 | Other obligations |
| 4A.26 | Change in classification |
| 4A.27 | Documents for overseas securities holders |
| 4A.28 | [Deleted] |
| 4A.29 | Director's undertaking |
| 4A.30 | Other obligations |
| | |
CHAPTER 4B | LISTING OF SUKUK AND DEBT SECURITIES |
| PART A | GENERAL |
| 4B.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 4B.02 | Definitions |
| | |
| PART C | ADMISSION |
| | |
| PART C1 | ADMISSION OF EXCHANGE TRADED BONDS |
| 4B.03 | Approval of other authorities |
| 4B.04 | Approval for admission |
| 4B.05 | Convertible or Exchangeable Sukuk or Debt Securities |
| 4B.06 | Trust Deed |
| 4B.07 | Foreign Issuer [effective date to be determined by Bursa at a later date] |
| 4B.08 | Obligor |
| | |
| PART C2 | CONTINUING LISTING OBLIGATIONS OF EXCHANGE TRADED BONDS |
| 4B.09 | Continuing Listing Obligations |
| 4B.10 | Disclosure of Information |
| 4B.11 | Submission of Financial Statements |
| 4B.12 | Exempted Persons |
| 4B.13 | Foreign Issuer [effective date to be determined by Bursa at a later date] |
| 4B.14 | Applicable Chapters |
| | |
| PART D | EXEMPT REGIME |
| | |
| PART D1 | ADMISSION UNDER AN EXEMPT REGIME |
| 4B.15 | SC Approval |
| 4B.16 | Approval for admission |
| 4B.17 | Financial statements and announcements |
| | |
| PART D2 | CONTINUING LISTING OBLIGATIONS |
| 4B.18 | Disclosure of information |
| 4B.19 | Submission of financial statements |
| 4B.20 | Financial statements and announcements |
| 4B.21 | Applicable Chapters |
| | |
| PART E | DE-LISTING BY THE EXCHANGE |
| 4B.22 | De-listing by the Exchange |
| | |
CHAPTER 5 | STRUCTURED WARRANTS |
| PART A | GENERAL |
| 5.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 5.02 | Definitions |
| | |
| PART C | UNDERLYING FINANCIAL INSTRUMENT |
| 5.03 | Underlying financial instrument listed on the Exchange |
| 5.04 | Underlying financial instrument listed outside Malaysia |
| 5.05 | Index as underlying financial instrument |
| 5.06 | Underlying shares for put warrants or callable bear certificates |
| 5.07 | Acceptable securities exchange outside Malaysia |
| 5.08 | Acceptable index |
| | |
| PART D | ADMISSION |
| 5.09 | Admission |
| 5.10 | Approval from other authorities |
| 5.11 | Holders of structured warrants |
| 5.12 | Market making |
| | |
| PART E | TERMS AND CONDITIONS |
| 5.13 | Maximum issue size |
| 5.14 | Minimum issue size |
| 5.15 | Tenure of issue |
| 5.16 | Take-over, Liquidation, Dissolution and Winding Up |
| 5.17 | Adjustment |
| 5.17A | Suspension and cancellation of callable bull/bear certificate |
| | |
| PART F | TRUST DEED/DEED POLL |
| 5.18 | Contents of trust deed or deed poll |
| | |
| PART G | TRADING |
| 5.19 | Minimum issue price |
| 5.20 | Board lot |
| 5.21 | Conversion Ratio |
| 5.22 | Exercise Style |
| | |
| PART H | SETTLEMENT OF STRUCTURED WARRANTS |
| 5.23 | Mode of settlement |
| 5.24 | Settlement in cash only |
| 5.25 | Settlement of bull equity-linked structures |
| 5.25A | Settlement of callable bull/bear certificate |
| 5.26 | Calculation of settlement price when settled in cash |
| 5.27 | Calculation of settlement price for American style structured warrants |
| 5.28 | Automatic settlement in cash |
| | |
| PART I | FURTHER ISSUE |
| 5.29 | Further Issue |
| 5.30 | Listing application for Further Issue |
| | |
| PART J | ISSUE OF BASKET WARRANTS |
| 5.31 | Basket warrants |
| 5.32 | Issuance of basket warrants |
| | |
| PART K | CONTINUING LISTING OBLIGATIONS |
| 5.33 | Obligation to retain a Market Maker |
| 5.34 | Submission of financial statements |
| 5.35 | Submission of periodic information |
| 5.36 | Notice of expiry |
| 5.37 | Director's undertaking |
| 5.38 | Allotment of securities, despatch of notices of allotment for exercise and cash payment |
| 5.39 | Full exercise before expiry |
| 5.40 | Issuers incorporated in a jurisdiction outside Malaysia |
| 5.41 | Request for suspension, resumption of trading or withdrawal of listing |
| 5.41A | Suspension of callable bull/bear certificate |
| 5.42 | Other continuing obligations |
| | |
| PART L | ANNOUNCEMENTS |
| 5.43 | Announcement relating to adjustment to structured warrants |
| 5.44 | Announcement relating to market making |
| 5.44A | Announcement when the settlement is in cash |
| 5.45 | Announcement relating to dealing in structured warrants |
| | |
| PART M | IMPLEMENTATION OF PROPOSALS |
| 5.46 | Implementation deadline |
| | |
| APPENDIX 5A | Contents of trust deed or deed poll in respect of structured warrants |
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CHAPTER 6 | NEW ISSUE OF SECURITIES |
| PART A | GENERAL |
| 6.01 | Introduction |
| | |
| PART B | ADMISSION |
| 6.02 | Admission |
| | |
| PART C | GENERAL REQUIREMENTS FOR NEW ISSUE OF SECURITIES |
| 6.03 | General mandate for issue of securities |
| 6.04 | Issue of new securities under a general mandate |
| 6.05 | Issue of securities with specific shareholder approval |
| 6.06 | Allotment of shares to directors etc. |
| 6.07 | Announcement to the Exchange |
| 6.08 | Circular |
| 6.09 | Allotment of securities, despatch of notices of allotment and quotation application in respect of a public issue |
| 6.10 | Document for issue of securities to be made overseas |
| | |
| PART D | REQUIREMENTS RELATING TO PLACEMENT |
| 6.11 | Additional Requirement |
| 6.12 | Placement agent |
| 6.13 | Payment of securities |
| 6.14 | Back-to-back placements |
| 6.15 | Placees' details |
| 6.16 | Exchange's right for further information |
| | |
| PART E | REQUIREMENTS RELATING TO A RIGHTS ISSUE |
| 6.17 | Additional requirements |
| 6.18 | Underwriting |
| 6.19 | Requirements in relation to two-call rights issue |
| 6.20 | A rights issue must be renounceable |
| 6.21 | Fixing of books closing date for a rights issue |
| 6.22 | Notice of books closing date for a rights issue |
| 6.23 | Timetable for a rights issue |
| 6.24 | Announcements of important relevant dates of a rights issue |
| 6.25 | Abridged Prospectus |
| 6.26 | Issue of notices of provisional allotment |
| 6.27 | Availability of rights subscription forms |
| 6.28 | Allotment of securities, dispatch of notices of allotment and quotation application in respect of a rights issue |
| | |
| PART F | REQUIREMENTS IN RELATION TO A BONUS ISSUE |
| 6.29 | Additional requirements |
| 6.30 | Criteria for bonus issues |
| 6.31 | Valuation report for revaluation of real estates |
| 6.32 | Staggered implementation of a bonus issue |
| 6.33 | Ranking of bonus issue securities |
| 6.34 | Fixing of books closing date for a bonus issue |
| 6.35 | Announcements in relation to a bonus issue of securities |
| | |
| PART G | REQUIREMENTS RELATING TO A SHARE ISSUANCE SCHEME |
| 6.36 | Additional requirements |
| 6.37 | Eligibility and allocation |
| 6.38 | Number of shares |
| 6.39 | Pricing |
| 6.40 | Duration |
| 6.41 | Adjustments |
| 6.42 | Bylaws |
| 6.43 | Implementation |
| 6.44 | Share Issuance Scheme after listing |
| 6.45 | Allotment of shares, dispatch of notices of allotment and quotation application in respect of a Share Issuance Scheme |
| | |
| PART G(A) | DIVIDEND REINVESTMENT SCHEME |
| 6.45A | Additional requirements |
| 6.45B | Shareholder's approval |
| 6.45C | Eligibility and election of entitlement |
| 6.45D | Pricing |
| | |
| PART H | REQUIREMENTS RELATING TO AN ISSUE OF DEBT SECURITIES AND REDEEMABLE PREFERENCE SHARES |
| 6.46 | Requirements relating to debt securities |
| 6.46A | Requirements relating to redeemable preference shares |
| 6.47 | [Deleted] |
| 6.48 | Announcement relating to an issue of debt securities |
| | |
| PART I | REQUIREMENTS RELATING TO AN ISSUE OF CONVERTIBLE SECURITIES |
| 6.49 | Requirements relating to convertible securities |
| 6.50 | Maximum number of new shares allowed from exercise of warrants |
| 6.51 | [Deleted] |
| 6.52 | Announcement relating to an issue of convertible securities |
| 6.53 | Circular relating to an issue of convertible securities |
| 6.54 | Deed poll and trust deed to comply with Requirements |
| 6.55 | No alteration or adjustment to the terms |
| 6.56 | Consequential securities |
| 6.57 | Notices of conversion or exercise |
| 6.58 | Allotment of securities, dispatch of notices of allotment and quotation application in respect of conversion or exercise |
| | |
| PART J | REQUIREMENTS RELATING TO REAL ESTATE INVESTMENT TRUSTS |
| | |
| 6.59 | Requirements relating to real estate investment trusts |
| | |
| PART K | REQUIREMENTS RELATING TO EXCHANGE-TRADED FUNDS |
| 6.60 | Requirements relating to exchange-traded funds |
| | |
| PART L | REQUIREMENTS RELATING TO SPECIAL PURPOSE ACQUISITION COMPANIES |
| 6.61 | New issue of securities by SPAC |
| | |
| PART M | IMPLEMENTATION OF PROPOSALS |
| 6.62 | Implementation deadline |
| 6.63 | Extension of implementation time |
| 6.64 | Post-implementation obligations |
| | |
| APPENDIX 6A | Contents of announcement in relation to a new issue of securities |
| Part A | Contents of announcement in relation to a new issue of securities |
| Part B | Additional contents of announcement in relation to an issue of debt securities |
| Part C | Additional contents of announcement in relation to an issue of convertible securities |
| | |
| APPENDIX 6B | |
| Part A | Contents of circular in relation to a new issue of securities |
| Part B | Additional contents of circular in relation to convertible securities |
| | |
| APPENDIX 6C | Timeline for a rights issue |
| | |
| APPENDIX 6D | Undertaking by a valuer of a listed issuer |
| | |
| APPENDIX 6E | Contents of bylaws of a Share Issuance Scheme |
| | |
| APPENDIX 6F | Contents of a trust deed/deed poll |
| | |
CHAPTER 7 | ARTICLES OF ASSOCIATION |
| PART A | GENERAL |
| 7.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 7.02 | Definitions |
| | |
| PART C | CAPITAL |
| 7.03 | Issue of shares to directors |
| 7.04 | Rights of other classes of shares |
| 7.05 | Power to issue further preference shares |
| 7.06 | Rights of preference shareholders |
| 7.07 | Capital paid on shares in advance of calls |
| 7.08 | Issue of new shares to members |
| | |
| PART D | FORFEITURE AND LIEN |
| 7.09 | Companies' lien on shares and dividends |
| 7.10 | Sale of shares forfeited |
| | |
| PART E | TRANSFER AND TRANSMISSION |
| 7.11 | Transfers of securities |
| 7.12 | Transmission of securities |
| | |
| PART F | MODIFICATION OF RIGHTS |
| 7.13 | Modification of rights |
| | |
| PART G | BORROWING |
| 7.14 | Scope of directors' borrowing powers |
| | |
| PART H | MEETINGS |
| 7.15 | Notices of meetings |
| 7.16 | Record of Depositors |
| | |
| PART I | VOTING AND PROXIES |
| 7.17 | Voting rights of members |
| 7.18 | Voting rights on a show of hands |
| 7.19 | Voting rights of proxy |
| 7.20 | Voting rights of shares of different monetary denominations |
| 7.21 | Appointment of multiple proxies |
| 7.21A | Qualification and rights of proxy to speak |
| | |
| PART J | DIRECTORS |
| 7.22 | Directors' power to fill casual vacancies and to appoint additional directors |
| 7.23 | Remuneration of directors |
| 7.24 | Increase in directors' remuneration |
| 7.25 | Directors' interest in contracts |
| 7.26 | Election of directors |
| 7.27 | Vacation of office of director |
| 7.28 | Notice of intention to appoint director |
| 7.29 | Power of managing director |
| 7.30 | Proceedings in case of vacancies |
| 7.31 | Appointment of alternate director |
| 7.32 | Chairman's casting vote |
| | |
| PART K | ACCOUNTS |
| 7.33 | Presentation of accounts |
| | |
| PART L | WINDING-UP |
| 7.34 | Distribution of assets in specie |
| 7.35 | Liquidator's commission |
| | |
| PART M | EFFECT OF THESE REQUIREMENTS |
| 7.36 | Effect of the Listing Requirements |
| | |
| PART N | AMENDMENTS TO THIS CHAPTER |
| 7.37 | Amendments to this Chapter |
| | |
| PART O | CLOSED-END FUNDS |
| 7.38 | Amendment to investment policies and objectives |
| 7.39 | Management control |
| 7.40 | Maximum holdings |
| 7.41 | Prohibition against conduct of other business |
| | |
| PART P | SPECIAL PURPOSE ACQUISITION COMPANIES |
| 7.42 | Completion of a qualifying acquisition |
| 7.43 | Rights of voting securities holders |
| 7.44 | Liquidation of a special purpose acquisition company |
| | |
CHAPTER 8 | CONTINUING LISTING OBLIGATIONS |
| PART A | GENERAL |
| 8.01 | Introduction |
| | |
| PART B | CONTINUING LISTING CRITERIA |
| 8.02 | Compliance with shareholding or unit holding spread requirement |
| 8.03 | Cash Companies |
| 8.04 | Financial condition and level of operations |
| | |
| PART C | CERTIFICATES, TRANSFERS AND TRANSMISSIONS |
| 8.05 | Proxy forms |
| 8.06 | Audit for transfers and issue of certificates |
| 8.07 | Number of securities |
| 8.08 | Paper quality and watermark |
| 8.09 | Size of certificates |
| 8.10 | Submission of semi annual returns |
| 8.11 | Change in classification |
| | |
| PART D | SPONSORSHIP OF DEPOSITORY RECEIPTS |
| 8.12 | Sponsorship of depository receipts |
| 8.13 | Status reports on depository receipts |
| | |
| PART E | OFFER FOR SALE |
| 8.14 | Renounceable offer for sale |
| 8.15 | Allotment of securities and despatch of notices of allotment in respect of an offer for sale |
| | |
| PART F | DIRECTORS |
| 8.16 | Director's undertaking |
| | |
| PART G | SHARE ISSUANCE SCHEME |
| 8.17 | Allocation under a Share Issuance Scheme |
| 8.18 | Termination of a Share Issuance Scheme |
| 8.19 | Implementation of a new Share Issuance Scheme |
| 8.20 | Restriction on dealings |
| | |
| PART H | OTHERS |
| 8.21 | Material dilution |
| 8.22 | Material variations |
| 8.23 | Provision of financial assistance |
| 8.24 | Listing of subsidiaries |
| 8.25 | No alteration to or revocation of entitlement after announcement of books closing date |
| 8.26 | Declaration of dividend |
| 8.26A | Electronic payment of cash distributions |
| 8.27 | Notices of general meetings |
| 8.28 | Notice of maturity |
| 8.29 | Securities holder approval |
| 8.30 | Accounting and other records |
| 8.31 | Lodgement of agreement |
| | |
| PART I | SPECIFIC CONTINUING OBLIGATIONS RELATING TO PRICE STABILIZATION MECHANISM |
| 8.32 | Responsibilities of a listed corporation for the purposes of stabilizing action |
| | |
| PART J | SPECIFIC CONTINUING OBLIGATIONS RELATING TO CLOSED-END FUNDS |
| 8.33 | Provision of information by Managers |
| | |
| PART K | SPECIFIC CONTINUING OBLIGATIONS RELATING TO REAL ESTATE INVESTMENT TRUSTS |
| 8.34 | [Deleted] |
| 8.35 | Unit spread of real estate investment trusts |
| 8.36 | Application of other Chapters |
| 8.36A | Valuation |
| 8.37 | Submission of circulars to the Exchange |
| | |
| PART L | SPECIFIC CONTINUING OBLIGATIONS RELATING TO EXCHANGE-TRADED FUNDS |
| 8.38 | Application of other Chapters |
| 8.39 | Unit spread of exchange-traded funds |
| 8.40 | Submission of circulars to the Exchange |
| | |
| PART L(A) | SPECIFIC CONTINUING OBLIGATIONS RELATING TO BUSINESS TRUST |
| 8.40A | Unit spread of business trusts |
| | |
| PART M | SPECIFIC CONTINUING OBLIGATIONS RELATING TO SPECIAL PURPOSE ACQUISITION COMPANIES |
| 8.41 | Provision and obtaining financial assistance |
| 8.42 | Application of other continuing listing obligations |
| | |
| APPENDIX 8A | Contents of statement accompanying notices of annual general meetings |
| | |
| APPENDIX 8B | [Deleted] |
| | |
| APPENDIX 8C | Information to be included in the register of a stabilizing manager |
| | |
| APPENDIX 8D | Information to be included in announcement by moneylending company |
| | |
| APPENDIX 8E | Information on equity structure of a listed corporation, real estate investment trust or business trust to be furnished to the Exchange upon completion of a take-over offer |
| | |
CHAPTER 9 | CONTINUING DISCLOSURE |
| PART A | GENERAL |
| 9.01 | Introduction |
| | |
| PART B | CORPORATE DISCLOSURE POLICY |
| 9.02 | Corporate disclosure policy |
| | |
| PART C | IMMEDIATE DISCLOSURE OF MATERIAL INFORMATION |
| 9.03 | Disclosure of material information |
| 9.04 | Examples of events which may require immediate disclosure |
| 9.05 | Withholding of material information |
| 9.06 | Maintaining confidentiality |
| 9.07 | Monitoring of market activity and making of announcements |
| | |
| PART D | THOROUGH PUBLIC DISSEMINATION |
| 9.08 | Thorough public dissemination |
| | |
| PART E | CLARIFICATION, CONFIRMATION OR DENIAL OF RUMOURS OR REPORTS |
| 9.09 | Clarification, confirmation or denial of rumours or reports |
| 9.10 | Response to rumour or report |
| | |
| PART F | RESPONSE TO UNUSUAL MARKET ACTIVITY |
| 9.11 | Unusual market activity |
| | |
| PART G | UNWARRANTED PROMOTIONAL DISCLOSURE ACTIVITY |
| 9.12 | Promotional disclosure activity |
| 9.13 | Hallmarks of promotional disclosure activity |
| | |
| PART H | INSIDER TRADING |
| 9.14 | Prohibitions under the law |
| 9.15 | Prohibition from trading |
| | |
| PART I | PREPARATION OF ANNOUNCEMENTS |
| 9.16 | Content of press or other public announcement |
| 9.17 | Preparation of press or public announcement |
| 9.18 | Summary of salient points |
| | |
| PART J | IMMEDIATE DISCLOSURE REQUIREMENTS |
| 9.19 | Immediate announcements to the Exchange |
| 9.20 | Dealings in quoted securities |
| 9.21 | Listed corporation to have a website |
| | |
| PART K | PERIODIC DISCLOSURES |
| 9.22 | Quarterly report |
| 9.23 | Issue of annual audited financial statements and annual report |
| 9.24 | Annual audited financial statements in consolidated form |
| 9.25 | Disclosure in annual report |
| 9.26 | Issuance of annual report in electronic format |
| 9.27 | Statutory declaration in relation to accounts |
| 9.28 | Suspension or de-listing for failure to comply |
| 9.29 | Memorandum of understanding |
| | |
| PART L | CIRCULARS AND OTHER REQUIREMENTS |
| 9.30 | Draft circulars and other documents |
| 9.31 | Quality of draft documents |
| 9.32 | Standard of disclosure for circulars |
| 9.33 | Issuance of circular or document |
| 9.34 | Documents for overseas securities holders |
| 9.35 | [Deleted] |
| | |
| PART M | DISCLOSURE REQUIREMENTS FOR SPECIFIC LISTED ISSUERS |
| 9.36 | Mining, plantation and timber corporations |
| | |
| PART M1 | INFRASTRUCTURE PROJECT CORPORATIONS |
| 9.37 | Immediate announcement by an infrastructure project corporation |
| 9.38 | Quarterly report of an infrastructure project corporation |
| | |
| PART M2 | CLOSED-END FUNDS |
| 9.39 | Notification of change in policies and objectives by a closed-end fund |
| 9.40 | Quarterly report of a closed-end fund |
| 9.41 | Annual report of a closed-end fund |
| 9.42 | Weekly disclosure by a closed-end fund |
| | |
| PART M3 | REAL ESTATE INVESTMENT TRUSTS |
| 9.43 | Immediate announcements to the Exchange |
| 9.44 | Quarterly reports of a real estate investment trust |
| 9.45 | Annual reports and distribution statements of a real estate investment trust |
| | |
| PART M4 | EXCHANGE-TRADED FUNDS |
| 9.46 | Announcements to the Exchange |
| 9.47 | Immediate announcements to the Exchange |
| 9.48 | Quarterly reports of an exchange-traded fund |
| 9.49 | Annual reports of an exchange-traded fund |
| | |
| PART M5 | SPECIAL PURPOSE ACQUISITION COMPANIES |
| 9.50 | Notification of change in information |
| 9.51 | Reporting obligations |
| | |
| PART M6 | BUSINESS TRUSTS |
| 9.52 | Announcement of distribution |
| 9.53 | Immediate announcements to the Exchange |
| 9.54 | Quarterly reports of a business trust |
| 9.55 | Annual reports of a business trust |
| | |
| APPENDIX 9A | |
| Part A | Contents of announcement in relation to the appointment of a director |
| Part B | Contents of announcement in relation to the appointment of a chief executive |
| Part B(A) | Contents of announcement in relation to the appointment of the chief financial officer |
| Part C | Contents of announcement in relation to winding-up proceedings |
| Part D | Contents of announcement in relation to the appointment of a receiver, manager or receiver and manager or person of similar capacity |
| Part E | Contents of announcement in relation to the appointment of a special administrator or liquidator (which includes a provisional liquidator) |
| Part F | Contents of announcement in relation to a restraining order |
| Part G | Contents of announcement in relation to a depository receipts |
| Part H | Contents of announcement in relation to valuation on non-current assets |
| Part I | Information on suspension in view of delay in the issuance of quarterly reports, annual audited financial statements or annual report |
| Part J | Contents of announcement in relation to a take-over offer |
| | |
| APPENDIX 9B | |
| Part A | Quarterly report |
| Part B | Contents of quarterly report of closed-end funds |
| Part C | Contents of quarterly report of business trusts |
| | |
| APPENDIX 9C | |
| Part A | Contents of annual report |
| Part B | Contents of annual reports and accounts of closed-end funds |
| Part C | Contents of annual report of business trusts |
| | |
| APPENDIX 9D | Contents of distribution statements of real estate investment trust |
| | |
| APPENDIX 9E | Contents of half yearly report in relation to a special purpose acquisition company |
| | |
CHAPTER 10 | TRANSACTIONS |
| PART A | GENERAL |
| 10.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 10.02 | Definitions |
| | |
| PART C | VALUATION AND INFORMATION |
| 10.03 | Basis of valuation |
| 10.04 | Valuation |
| | |
| PART D | ACQUISITIONS AND DISPOSALS |
| 10.05 | Requirements for transactions with percentage ratio below 5% |
| 10.06 | Requirements for transactions with percentage ratio of 5% or more |
| 10.07 | Requirements for transactions with percentage ratio of 25% or more |
| | |
| PART E | RELATED PARTY TRANSACTIONS |
| 10.08 | Related party transactions |
| 10.09 | Recurrent Related Party Transactions |
| | |
| PART F | VERY SUBSTANTIAL TRANSACTION AND SIGNIFICANT CHANGE IN THE BUSINESS DIRECTION OR POLICY |
| 10.10 | Very substantial transaction |
| 10.11 | Significant change in the business direction or policy of a listed issuer |
| | |
| PART F(A) | MAJOR DISPOSAL OF ASSETS RESULTING IN LISTED CORPORATIONS NO LONGER SUITABLE FOR LISTING |
| 10.11A | Major Disposal |
| | |
| PART G | OTHER REQUIREMENTS |
| 10.12 | Aggregation of transactions |
| 10.13 | Diversification in operations carried on by a listed issuer |
| | |
| PART H | QUALIFYING ACQUISITION OF A SPECIAL PURPOSE ACQUISITION COMPANY |
| 10.14 | Completion of a qualifying acquisition |
| | |
| APPENDIX 10A | Contents of announcement in relation to transactions |
| Part A | General information to be included, where applicable, in announcement of transactions |
| Part B | Additional specific information to be included in relation to joint-ventures |
| Part C | Additional specific information to be included in relation to a transaction which involves an acquisition or disposal of real estate |
| Part D | Additional specific information to be included in relation to acquisitions or disposal of construction corporations |
| Part E | Additional specific information to be included in relation to acquisitions or disposal of infrastructure project asset/business or corporation involved in infrastructure projects |
| Part F | Additional specific information to be included in relation to foreign acquisition where any one of the percentage ratios of the transaction is 25% or more |
| Part G | Additional specific information to be included in relation to very substantial transaction |
| Part H | Additional specific information to be included in relation to significant change in business direction or policy of a listed issuer |
| Part I | Additional specific information to be included in relation to Major Disposals |
| | |
| APPENDIX 10B | Contents of circular to shareholders in relation to transactions |
| Part A | General information to be included, where applicable, in the circular to shareholders in relation to transactions |
| Part B | Additional specific information to be included in circular to shareholders in relation to joint-ventures |
| Part C | Additional specific information to be included in relation to a transaction which involves an acquisition or disposal of real estate |
| Part D | Additional specific information to be included in relation to acquisitions or disposals of construction corporations |
| Part E | Additional specific information to be included in relation to acquisitions or disposals of infrastructure project asset/business or corporations involved in infrastructure projects |
| Part F | Additional specific information to be included in relation to foreign acquisitions where any one of the percentage ratios of the transaction is 25% or more |
| Part G | Additional specific information to be included in relation to very substantial transactions |
| Part H | Additional specific information to be included in relation to significant change in business direction or policy of a listed issuer |
| Part I | Additional specific information to be included in relation to qualifying acquisition of a Special Purpose Acquisition Company |
| Part J | Additional specific information to be included in relation to Major Disposals |
| | |
| APPENDIX 10C | Additional contents of announcement in relation to related party transactions |
| | |
| APPENDIX 10D | Additional contents of circular to shareholders in relation to related party transactions |
| | |
CHAPTER 11 | TAKE-OVERS & MERGERS |
| [Deleted] | |
| | |
CHAPTER 12 | SHARE BUY-BACKS |
| PART A | GENERAL |
| 12.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 12.02 | Definitions |
| | |
| PART C | GENERAL REQUIREMENTS |
| 12.03 | Authorisation |
| 12.04 | On the market transactions |
| 12.05 | Announcement of intention to propose a share buy-back |
| 12.06 | Circular to shareholders for purchase of own shares |
| 12.07 | Contents of ordinary resolution for share buy-back |
| 12.08 | Announcement of outcome of general meeting |
| 12.09 | Maximum limit |
| | |
| PART D | SOURCE OF FUNDS AND CONSIDERATION |
| 12.10 | Source of funds |
| 12.11 | Types of funds |
| | |
| PART E | DECLARATION OF SOLVENCY |
| 12.12 | Declaration of solvency |
| 12.13 | Execution of solvency declaration |
| | |
| PART F | ADDITIONAL REQUIREMENTS |
| 12.14 | Public shareholding |
| 12.15 | Appointment of stockbroker |
| 12.16 | Notice of appointment of stockbroker |
| 12.17 | Purchase price |
| 12.18 | Resale price |
| 12.19 | Notification of purchase |
| 12.20 | Notification of resale |
| 12.21 | Notification of cancellation |
| 12.22 | Exercise of powers |
| 12.23 | Information to be included in annual reports |
| 12.24 | Status of purchased shares |
| | |
| PART G | SPECIFC REQUIREMENTS FOR SHARE BUY-BACK BY A SPECIAL PURPOSE ACQUISITION COMPANY |
| 12.25 | Share buy-back by a SPAC |
| | |
| PART H | REQUIREMENTS RELATING TO BUY BACK OF ODD LOT SHARES |
| 12.26 | Buy-back of odd lot shares |
| | |
| PART I | SPECIFIC REQUIREMENTS FOR UNIT BUY-BACK BY A BUSINESS TRUST |
| 12.27 | Unit buy-back by a business trust |
| | |
| APPENDIX 12A | |
| Part A | Contents of circular in relation to a share buy-back |
| Part B | Contents of Share Buy-back Statement |
| | |
| APPENDIX 12B | Contents of ordinary resolution in relation to a share buy-back |
| | |
| APPENDIX 12C | |
| Part A | Contents of announcement in relation to shares purchased |
| Part B | Contents of announcement in relation to resale of shares |
| Part C | Contents of announcement in relation to cancellation of shares |
| | |
| APPENDIX 12D | Disclosure in annual report in relation to share buy-back |
| | |
CHAPTER 13 | ARRANGEMENTS AND RECONSTRUCTIONS |
| PART A | GENERAL |
| 13.01 | Introduction |
| | |
| PART B | SCHEMES OF COMPROMISE, ARRANGEMENT, AMALGAMATION AND RECONSTRUCTION |
| 13.02 | Immediate announcements |
| 13.03 | Contents of explanatory statement/circular |
| | |
| PART C | SUBDIVISION OF SHARES |
| 13.04 | Application of Part C |
| 13.05 | Criteria for subdivision of shares |
| 13.06 | Application to subdivide shares |
| 13.07 | Procedures relating to subdivision of shares which is not a Specified Subdivision |
| 13.08 | Procedures relating to a Specified Subdivision |
| 13.09 | Convertible securities |
| 13.10 | Announcement to the Exchange |
| 13.11 | Circular and notices of subdivision of shares |
| 13.12 | Fixing of books closing date for subdivision of shares |
| 13.13 | Allotment of securities, despatch of notices of allotment and application for quotation in respect of subdivided shares |
| | |
| PART D | CONSOLIDATION OF SHARES |
| 13.14 | Application of Part C |
| | |
| APPENDIX 13A | Contents of announcement in relation to the proposed Scheme |
| | |
| APPENDIX 13B | Contents of explanatory statement/circular in relation to the proposed Scheme |
| | |
| APPENDIX 13C | |
| Part A | Contents of an application for subdivision of shares |
| Part B | Additional contents of an application for subdivision of shares which is a Specified Subdivision |
| Part C | Contents of an application for quotation of subdivided shares where the subdivision is not a Specified Subdivision |
| | |
| APPENDIX 13D | Contents of announcement in relation to a proposed subdivision of shares |
| | |
| APPENDIX 13E | Contents of circular in relation to a proposed subdivision of shares |
| | |
| APPENDIX 13F | Notice of subdivision of shares |
| | |
CHAPTER 14 | DEALINGS IN LISTED SECURITIES |
| PART A | GENERAL |
| 14.01 | Introduction |
| | |
| PART B | DEFINITIONS |
| 14.02 | Definitions |
| | |
| PART C | APPLICATION |
| 14.03 | Application |
| | |
| PART D | RESTRICTIONS |
| 14.04 | Possession of price-sensitive information |
| 14.05 | General restriction on dealings |
| | |
| PART E | EXEMPTIONS |
| 14.06 | Exemptions |
| 14.07 | Subsequent dealings |
| | |
| PART F | PROCEDURES FOR DEALINGS |
| 14.08 | Procedures for dealings during closed periods |
| 14.09 | Procedures for dealings outside closed periods |
| | |
CHAPTER 15 | CORPORATE GOVERNANCE |
| PART A | GENERAL |
| 15.01 | Introduction |
| | |
| PART B | DIRECTORS |
| 15.02 | Composition of the board of directors |
| 15.03 | Undertaking and letter by directors |
| 15.03A | Provision of information by directors |
| 15.04 | Rights of directors |
| 15.05 | Qualification, vacation of office and removal of directors |
| 15.06 | Restriction on directorships in listed issuers |
| 15.07 | [Deleted] |
| 15.08 | Directors' training |
| | |
| PART B(A) | NOMINATING COMMITTEE |
| 15.08A | Nominating committee |
| | |
| PART C | AUDIT COMMITTEE |
| 15.09 | Composition of the audit committee |
| 15.10 | Chairman of the audit committee |
| 15.11 | Written terms of reference |
| 15.12 | Functions of the audit committee |
| 15.13 | Attendance of other directors and employees |
| 15.14 | Procedure of audit committee |
| 15.15 | Audit committee report |
| 15.16 | Reporting of breaches to the Exchange |
| 15.17 | Rights of the audit committee |
| 15.18 | Quorum of an audit committee |
| 15.19 | Retirement and resignation |
| 15.20 | Review of the audit committee |
| | |
| PART D | AUDITORS |
| 15.21 | External auditor |
| 15.22 | Removal or resignation of external auditors |
| 15.23 | Review of statements |
| 15.24 | Right to request for meeting |
| | |
| PART E | CORPORATE GOVERNANCE DISCLOSURE |
| 15.25 | Disclosure pursuant to the Code |
| 15.26 | Additional statements by the board of directors |
| | |
| PART F | INTERNAL AUDIT |
| 15.27 | Internal Audit |
| | |
CHAPTER 16 | SUSPENSION, DE-LISTING AND ENFORCEMENT |
| PART A | GENERAL |
| 16.01 | Introduction |
| | |
| PART B | TRADING HALT AND SUSPENSION |
| 16.02 | Suspension of trading imposed by the Exchange |
| 16.03 | Voluntary suspension |
| 16.04 | Trading Halt |
| | |
| PART C | WITHDRAWAL OF LISTING AND DE-LISTING BY THE EXCHANGE |
| 16.05 | Withdrawal of listing |
| 16.06 | Request for withdrawal |
| 16.07 | Withdrawal in a take-over offer or corporate proposal |
| 16.08 | Application for withdrawal |
| 16.09 | Additional requirements |
| 16.10 | Withdrawal of other securities |
| 16.11 | De-listing by the Exchange |
| | |
| PART D | ENFORCEMENT |
| 16.12 | Breach by subsidiaries |
| 16.13 | Breach by directors |
| 16.14 | [Deleted] |
| 16.15 | Power to obtain documents |
| 16.16 | Listed issuer to ensure compliance |
| 16.17A | Breach of undertakings |
| 16.18 | Breach of these Requirements |
| 16.19 | Types of actions or penalties |
| 16.20 | Cumulative actions or penalties |
| 16.21 | Other rights |
| 16.21A | Publication of enforcement action |
| 16.22 | Referral of conduct to other authorities |
| 16.23 | Notification by the Exchange |
| 16.24 | Committee or sub-committee to decide |
| 16.25 | [Deleted] |
| 16.26 | Procedures |
| 16.27 | Right of appeal |
| 16.28 | Unpaid fine is debt owing to the Exchange |
| 16.29 | Agreed settlement |
| 16.30 | Standard of proof |
| | |
| APPENDIX 16A | |
| Part A | Contents of circular in relation to withdrawal of listing |
| Part B | Contents of application for withdrawal |
| | |
| |
| SCHEDULE OF FEES |
| PRACTICE NOTES | |
| Practice Note 1 | Default in Payment |
| Practice Note 2 | Request for Suspension |
| Practice Note 3 | Disclosure for Internet-Related Businesses or E-Commerce Activities |
| Practice Note 4 | [Deleted] |
| Practice Note 5 | Training for Directors |
| Practice Note 6 | [Deleted] |
| Practice Note 7 | Classification of Applicants or Listed Issuers |
| Practice Note 8 | [Deleted] |
| Practice Note 9 | Internal Control and Corporate Governance Statement |
| Practice Note 10 | [Deleted] |
| Practice Note 11 | Provision of Financial Assistance |
| Practice Note 12 | Recurrent Related Party Transactions |
| Practice Note 13 | Requirements for Directors and Signatory of Statutory Declaration for Accounts |
| Practice Note 14 | Principle of Aggregation for Transactions |
| Practice Note 15 | [Deleted] |
| Practice Note 16 | Cash Companies |
| Practice Note 17 | Criteria and Obligations of PN17 Issuers |
| Practice Note 18 | Perusal of Draft Circulars and Other Documents |
| Practice Note 19 | Public Shareholding or Unit Holding Spread |
| Practice Note 20 | Trading Halt |
| Practice Note 21 | Listing Procedures for Initial Admission |
| Practice Note 22 | Transfer of Listed Corporations to the Main Market |
| Practice Note 23 | Listing Procedures for Specific Applicants |
| Practice Note 24 | Listing Procedures for Foreign Listing |
| Practice Note 25 | Listing Procedures for New Issue of Securities by Issuers with Secondary Listing |
| Practice Note 26 | Listing Procedures of Sukuk and Debt Securities |
| Practice Note 27 | Listing Procedures for Structured Warrants |
| Practice Note 28 | Listing Procedures for New Issue of Securities |
| Practice Note 29 | Saving and Transitional Provisions |
| Practice Note 30 | Enforcement Proceedings & Related Matters |
| Practice Note 31 | Stapled Securities |