Kuala Lumpur, 16 March 2009

New measures to facilitate greater access to the capital market

Following the announcement of the second stimulus package by the Deputy Prime Minister YAB Dato’ Sri Mohd Najib Tun Razak on 10 March 2009, which specifies new measures to facilitate greater access to the capital market, the Securities Commission (SC) would like to inform:

1. The initiatives in relation to revisions to the terms and conditions of bonds and sukuk as well as the exemption from the mandatory credit rating requirement for convertible and exchangeable bonds and sukuk will take effect on 16 March 2009;
2. The exemptions on the other initiatives will come into force following the gazette of a Ministerial Order, which will be communicated at a later date; and
3. A set of Frequently-Asked-Questions (FAQ) providing operational details of these capital market measures are available here.