SC and Bursa Invite Comments on Proposed Best Practice Guide on Independent Advice Letters
12 December 2012  |   Kuala Lumpur
The Securities Commission Malaysia (SC) and Bursa Malaysia Securities Bhd (Bursa Securities) today published a joint consultation paper seeking public feedback on the proposed Best Practice Guide on Independent Advice Letters (IAL Guide).

The draft IAL Guide is part of the continuous efforts by the SC and Bursa Securities to improve the quality of disclosures and enhance investor protection. 

Currently, an Independent Adviser is required to be appointed for various corporate proposals including major disposals, related party transactions and withdrawals of listing. Independent Advisers play an important role in safeguarding the interests of shareholders. Hence, it is crucial for an Independent Adviser to provide quality and meaningful advice for shareholders to make informed decisions via its Independent Advice Letters (IALs). 

Through the public consultation paper on the draft IAL Guide, the SC and Bursa Securities seek to solicit feedback and views on the proposed IAL Guide, including recommended improvements and suggestions for IAL quality enhancements from stakeholders. 

The joint consultation paper in relation to the draft IAL Guide is available at here at the SC website and Bursa Malaysia website ( Please submit your written comments to the address/email below by 31 January 2013. 

Transaction Disclosures Department 
Securities Commission Malaysia 
3 Persiaran Bukit Kiara Bukit Kiara 
50490 Kuala Lumpur 
Fax: 603 – 6201 5655 

Listing Division Bursa Malaysia Berhad 
9th Floor, Exchange Square 
Bukit Kewangan 
50200 Kuala Lumpur 
Fax: 603 – 27323263 


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