Bursa Malaysia Berhad (“Bursa Malaysia”) has today released a consultation paper on the proposal to establish a (new) market on Bursa Malaysia positioned to provide small and medium companies (SMEs) greater access to the capital market.
Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia, said: “SMEs are a core contributor to the country’s GDP and plays an important role in the country’s overall production network and employment. Bursa Malaysia aims to facilitate greater access to capital market financing for SMEs to support their developmental and lifecycle needs”.
“Based on the report by World Federation of Exchanges (“WFE”) and the World Bank Group’s Policy Research Working Paper, stock exchanges play an important role in the development of SME financing. However, having the right ecosystem is critical to ensure the success of such market. As such this new market is premised on three key guiding principles which are cost efficient, appropriate regulations and a qualified market for sophisticated investors. It is envisaged that the Adviser will play a more active role in identifying the companies to be listed and guiding them through their journey as a listed company in this market” continued Datuk Seri Tajuddin.
As we develop this important initiative we look forward to obtain insights and inputs from the potential companies, advisers, investors and the general public particularly in the following areas:
- Listing framework
- Listing process
- Adviser framework
- Post listing disclosures
- Graduation facilitation
- Post listing disclosures
- Investors
- Trading, clearing, settlement & depository framework
The consultation paper is available at: http://www.bursamalaysia.com/market/regulation/rules/public-consultation
Interested parties and the public are invited to submit their comments and feedback to the contacts below before the closing date of 2 October 2016. The paper remains subject to Bursa Malaysia and Securities Commission Malaysia’s assessment, and no position on the feedback will necessarily be taken.
For further enquiries on the Consultation Paper please email newmarket@bursamalaysia.com