These Guidelines replace the Principal Adviser Guidelines and the Guidelines on Due Diligence Conduct for Corporate Proposals. For definitions of Principal Adviser and Recognised Principal Adviser and their eligibility requirements, please refer to Chapter 7A of the Licensing Handbook.
Specific Proposals# to SC are required to be submitted by a Recognised Principal Adviser with a Qualified Person satisfying the criteria in the Licensing Handbook. Publication of the Register of Recognised Principal Advisers is to enable members of the public to ascertain if they are dealing with a Recognised Principal Adviser recognised by the SC.
# Specific proposal is a proposal in respect of:
- an application for the listing and quotation of securities on the Main Market of Bursa Malaysia Securities Berhad under section 212 of the Capital Markets and Services Act 2007 (CMSA), except for applications relating to corporate bonds and sukuk and listing of units of an exchange-traded fund;
- registration of prospectus under section 232 of the CMSA, except for prospectuses relating to corporate bonds and sukuk, listing of units of an exchange-traded fund, unlisted collective investment scheme and structured warrants;
- transfer of listing;
- an acquisition or disposal of assets, which results in a significant change in the business direction or policy of a listed corporation whose shares are listed on the Main Market of Bursa Malaysia Securities Berhad, except where such disposal of assets is not part of any other proposal that requires approval from the SC; or
- an acquisition or disposal of assets, which results in a significant change in the business direction or policy of a corporation whose shares are listed on the ACE Market of Bursa Malaysia Securities Berhad that is carried out in conjunction with c.
Note: By publishing the Register of Recognised Principal Advisers, the SC does not recommend nor guarantee the performance of any Recognised Principal Adviser.
