1 Jan 2005 – SC one-stop centre for MESDAQ Market applications
|The Securities Commission (SC) today announced that with effect from 1 January 2005, the consideration and approval of listings and corporate proposals on the MESDAQ Market will be undertaken by SC, as the sole approving authority.|
As a result of this streamlining, the MESDAQ Market listing process will be considerably enhanced. Under the new process, approval for MESDAQ Market corporate proposals need only be sought from one authority, under section 32 of the Securities Commission Act 1993 (SCA), which is in line with the approval process for Main and Second Board companies. Currently, MESDAQ Market listings require the approval of both the SC and Bursa Malaysia Berhad (Exchange).
Submissions to the SC must comply with the MESDAQ Market Listing Requirements (MMLR). The SC will be adopting relevant sections of the MMLR, with consequential modifications, to be effected as its own guidelines and requirements. A list of these provisions is available here.