Securities Commission Malaysia and Bursa Malaysia Provide Additional Temporary Relief for Listed Entities Amidst COVID-19

The Securities Commission Malaysia (SC) has joined hands with Bursa Malaysia to provide temporary relief measures for all listed issuers. The statement issued on the 17th of February 2021 states that these initiatives are on top of those relief measures introduced in 2020. The measures include extended time to submit financial statements, along with relief provided to listed issuers with an inadequate level of operations, as well as unsatisfactory financial conditions.

Why it matters?

Offering an extension to submit financial statements will allow the listed issuers more time to implement regularisation plans amidst COVID-19 and prepare the financial statements.

The relief measures allow listed issuers to re-look at their condition at the end...