Unification of Main and Second Board
Filed Under (Bursa News) by Webmaster on 06-02-2009
Tagged Under : Bursa Malaysia, securities commission, unify board
The Securities Commission (SC) and Bursa Malaysia Securities Bhd is inviting the public to provide feedback on the proposed new guidelines and requirements to the regulatory framework for listings and equity fund-raising.
These would form part of the changes undertaken by the SC andBursa Malaysia to enhance and strengthen the positioning of the local equity market.
The market regulator and the operator of the local bourse said in a joint press release yesterday that consultation papers have been published seeking feedback on the proposed changes.
“The changes include the creation of a unified board for established corporations and the repositioning of the existing Mesdaq Market to a sponsor-driven alternative market for corporations from all business sectors (new Mesdaq),” they said.
They said under the new framework, existing corporations listed on the Main Board and the Second Board are proposed to be transferred to the unified board while those listed on the existing Mesdaq Market, to the new Mesdaq.
