媒体新闻稿
BURSA MALAYSIA SECURITIES BERHAD AND SECURITIES COMMISSION INVITE COMMENTS ON PROPOSED BEST PRACTICE GUIDE ON INDEPENDENT ADVICE LETTERS
Bursa Malaysia Securities Berhad (Bursa Securities) and the Securities Commission Malaysia (SC) 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 Bursa Securities and SC 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, Bursa Securities and SC 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 www.bursamalaysia.com and www.sc.com.my. Please submit your written comments to the address/email below by 31 January 2013.
Listing Division
Bursa Malaysia Berhad
9th Floor, Exchange Square
Bukit Kewangan
50200 Kuala Lumpur
E-mail: [email protected]
Fax: 603 – 2732 3263
Transaction Disclosures Department
Securities Commission Malaysia
3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
E-mail: [email protected]
Fax: 603 - 6201 5655