The amendments aim to make abridged prospectuses and circulars more reader-friendly while ensuring that disclosures focus on meaningful information and are useful in helping shareholders in making informed investment decisions.
These amendments were made after extensive consultation with key stakeholders such as principal advisers, reporting accountants, independent advisers, investors and representatives of listed corporations.
These amendments will come into effect on 13 March 2019. However, market participants and listed corporations are encouraged to adopt these revisions earlier for the immediate benefit of shareholders and investors.
More details of the revisions can be found in Division 5, Part II of the Prospectus Guidelines (https://www.sc.com.my/regulation/guidelines/prospectus) and the Equity Guidelines (https://www.sc.com.my/regulation/guidelines/equity) respectively.
SECURITIES COMMISSION MALAYSIA