Kuala Lumpur , 22 February 2008
Prospectuses to be made available on SC website for public comments
The Securities Commission (SC) will introduce public exposure of all prospectuses submitted to the SC for registration as part of its efforts to further enhance disclosure standards and transparency of fund-raising exercises.
Effective 3 March 2008, all registrable prospectuses for the issuance of shares or securities relating to Initial Public Offering of companies and collective investment schemes to be listed on Bursa Malaysia Securities will be publicly available on the SC website to enable the public specifically to assess the documents and submit their comments to the SC.
The registrable prospectuses will be accessible for a period of five market days, which is within the current prospectus registration timeframe of 14 market days.
During this period, the securities cannot be offered to the public and applications for the securities cannot be made or accepted. The SC may require changes to the registrable prospectuses depending on the nature of comments received. The securities may only be made available to the public once the prospectuses are registered by the SC.
A set of FAQs to enhance understanding on the public exposure is available here (pdf format).