Main & Ace Market - Bursa Malaysia, Securities Commission - Accounting KL Management Services

Bursa Boards

August 14, 2009Sponsored by Accounting KL Management Services

On the 3rd August 2009, Bursa Malaysia (KLSE) and Securities Commission Malaysia (SC) jointly launched a new framework for listings and equity fund-raisings, as reported in KLM’s main accounting blog:

The Main Market - 21st June 2009
The ACE Market – 22nd June 2009

This new framework provides efficient access to investments and capital; strengthening Bursa Securities’s position as a conductive capital raising destination to both local (Malaysian) and foreign companies. New listing requirements are then implemented and existing ones modified – Raising mixed reactions from investors and financial controllers.

Main & ACE Market Shifts

The “ACE” market is short for ‘Access, Certainty, Efficiency’; a revamp of the existing MESDAQ market (’Malaysian Exchange of Securities Dealing and Automated Quotation’) which is launched approximately 12 years ago, dated back to 6th October 1997.

Some of the significant shifts in the regulatory approach (listings and equity fund raisings) are to change its environment into a more market-based regulatory, increasing efficiency and competitiveness while protecting investors. Bursa also reports that ‘blocks have been put in place to enhance the standards of due diligence, disclosures and corporate governance’.

Related (opens in a new window), as of 14th August 2009;