The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.
The six-month extension will enable Bursa Malaysia to enhance its control measures for intraday short selling activities in order to promote market stability.
Listed issuers allowed an automatic 1-month extension to prepare financial statements. Those impacted by Covid-19 are granted more time to regularise operations.
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
Bursa’s datasets and analytics capabilities will enable Alliance Bank to identify issues at SMEs and proactively recommend relevant solutions and advise on financing.
Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.
Eligible issuers can offset up to 90% of the external review costs incurred for the issuance of sustainable sukuk and bonds, subject to a maximum MYR 300,000 per issuance.
Since March 2020, the lower SRR ratio and flexibility to recognise MGS and MGII as part of SRR compliance have released MYR 46 billion in banking system liquidity.
Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
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