The revamp of the MMLR is part of Bursa Malaysia's on-going efforts to enhance the regulatory framework for MESDAQ listed companies.
Chief Executive Officer of Bursa Malaysia Berhad, Yusli Mohamed Yusoff said that the objectives of the revamp are to enhance the attractiveness of MESDAQ to potential issuers, to benchmark MESDAQ against other similar markets and to further promote the integrity and credibility of the market.
"We seek to continuously enhance the effectiveness of MESDAQ as an alternative fund raising mechanism for growth and technology companies where traditional modes of financing may not be available or insufficient.
"Promoting on the attractiveness of MESDAQ also adds to the breadth and depth of investment options, assisting investors of Bursa Malaysia in maintaining a diversified portfolio of investments," Yusli said.
"Further, we need to constantly benchmark MESDAQ with other international growth markets in order to remain relevant and for consistency in standards and in maintaining a transparent, fair and orderly market.”
In drafting the consultation paper, industry views and feedback were considered. The consultation paper which has been issued to MESDAQ listed companies and relevant industry participants raised specific issues on which views are solicited.
" In ensuring that the MMLR meets with its intended objectives, input from MESDAQ companies and industry is important. Comments and discussions on the proposed amendments will result in a more effective and practical review of the MMLR,” Yusli said.
