CIRCULAR TO MEMBERS
September 18, 2003
Circular No.TEC/013/09/2003
KUALA LUMPUR STOCK EXCHANGE
AMENDMENTS TO LISTING REQUIREMENTS OF THE KLSE
AND THE MESDAQ MARKET
Members are informed that the Kuala Lumpur Stock Exchange (KLSE) has issued
amendments to the Listing Requirements of the KLSE and the MESDAQ Market in relation
to the following matters:
1.
Rationalisation with Securities Commission’s Guidelines
(a)
KLSE Listing Requirements
The amendments to the KLSE Listing Requirements in relation to rationalisation
with the Securities Commission’s (SC) guidelines (attached as Appendix 1) pertain
to the following areas:
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admission criteria;
advertisement of prospectuses;
requirements pertaining to call warrants; and
requirements pertaining to property trust funds.
The above said amendments are intended to streamline the requirements with SC’s
guidelines and to remove duplication of regulation. Thus, it is to be noted that
although certain requirements have been deleted, namely paragraph 3.13, parts of
paragraph 5.06, parts of Appendix 5B, paragraph 6.22, Part C of Appendix 9C and
Part A of Appendix 9D, it does not mean that the obligations relating to these
requirements are extinguished. SC’s guidelines still contain provisions that relate
to or encompass the deleted requirements.
(b)
MESDAQ Market Listing Requirements
The amendments to the MESDAQ Market Listing Requirements in relation to
rationalisation with SC’s guidelines (attached as Appendix 2) pertain to the
advertisement of abridged prospectus.
The amendments in relation to rationalization with the SC’s guidelines shall take effect
from September 1, 2003.
2.
Reduction of the Timeframe for Listing and Quotation of Securities
after Receipt of the Application for Quotation
The amendments to the KLSE Listing Requirements and MESDAQ Market Listing
Requirements in relation to the timeframe for listing and quotation of securities
(attached as Appendices 3 and 4, respectively) are part of the continuing efforts of the
KLSE to enhance efficiency in the market and reduce the time to market. In line with
this objective, the timeframe for listing and quotation of securities after receipt of an
application for quotation has been reduced.
The amendments in relation to the reduction in the timeframe for listing and quotation of
securities will apply in respect of applications for quotation that are received on or after
September 1, 2003.
3.
Additional Information
Requests for further information and enquiries may be directed to:
Listing Advisory Division
9th Floor, Kuala Lumpur Stock Exchange
Exchange Square, Bukit Kewangan
50200 Kuala Lumpur
Tel:
03 – 2026 7099
Fax:
03 – 2732 0065
Contact persons:
Ms Emilia Tee
(Ext 1016)
Ms Yew Yee Tee
(Ext 2338)
Ms Noraishah Ismail
(Ext 7977)
Ms Anisah Suyuti Low (Ext 7970)
The above-said amendments are available for reference on the KLSE website at
http://www.klse.com.my in the “Listing” section.
TAN SHOOK KHENG (Ms)
Secretary