Changes in the Listing Requirements Post-Companies Act 2016: What to Look Out For
Dates: 8 February 2018 (8.30am - 5.30pm)
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points & 6 CPD points
The new legal framework governing companies in Malaysia introduced in the Companies Act 2016 (CA) has brought about a myriad of changes to the way companies in Malaysia can be structured or are expected to be governed, provide disclosure, operate and do business. Although the focus of the changes has been on private/public companies, the new framework also has had a major impact on the business operations of public listed companies (PLCs) relating to disclosure requirements, corporate actions, the no par-value regime and the added duties and responsibilities to the board of directors and officers which will be discussed from a practitioners’ perspective as well as the consequential amendments to related regulations such as the Listing Requirements for the Main Market, ACE Market and the Rules of Bursa Malaysia.
The aim of this programme is enable participants to assess the latest changes of the CA and the Listing Requirements for the Main Market, ACE Market and the Rules of Bursa Malaysia that affects their way of doing business and ultimately provide practicable advice to their relevant stakeholders on the impact and consequences of the changes.
Upon completion of this programme, participants will be able to:
- distinguish the changes that are applicable to PLCs
- relate the regulatory changes impacting the capital market
- identify the issues and challenges of the CA
- determine the updates or amendments to the Listing Requirements for the Main Market, ACE Market and the Rules of Bursa Malaysia that would impact their business activities and processes and procedures
- assess and advise their relevant stakeholders on the impact of the changes under the new CA regime
Interactive presentation, Discussions and Question-and-Answer (Q&A) sessions
Board of Directors, company secretaries, legal counsel, accounting and corporate finance department of PLCs, Capital Markets Services Representative’s Licence holders, professionals undertaking corporate advisory work, investors and shareholders
||Foundational (Regulatory Knowledge) - Capital Market Intermediaries, Capital Market Institutions and Capital Market Products Regulations
Foundational (Product Knowledge) – Capital Market Products
Functional (Technical Skills) - Fundamental Analysis and Valuation
Functional (Process Skills) - Capital Structuring and Corporate Finance Advisory
|Specific Changes Affecting Public Listed Companies (PLCs): Then and Now
- Quick recap of the general changes and discussion on the rationale for the revision
|Key Regulatory Changes Impacting the Capital Market
- Amendments to the Listing requirements of Main Market
- Amendments to the Listing requirements of ACE Market
|New Companies Act 2016 Regime Concepts Explained & Simplified for PLCs’ Stakeholders and Investors
- How will my shareholding be valued?
- What will be reflected in my share premium account?
- How will this affect Initial Public Offerings?
- What is the impact of Corporate Actions to my shareholding?
|Putting Companies Act 2016 into Perspective
- Transitional and Procedural Issues
- Structural challenges to compliance
- Corporate Governance and Transparency
|What can be expected for the next 12 months?
||End of Programme
|Group of 3 or more pax
|*Inclusive of 6% GST
SPEAKER: Tan Ai Chia
Tan Ai Chia is the Acting Head of Regulatory Policy and Advisory of Bursa Malaysia Berhad. She oversees all the rules administered by Bursa Malaysia group, as well as regulatory policy and rule reforms in Bursa Malaysia.
Ai Chia graduated with a (LL.B) (Hons) Bachelor of Laws from the University of Malaya and was admitted as an advocate and solicitor of High Court Malaya. She practised law for several years before joining Bursa Malaysia Berhad in 2002. Prior to the current position, Ai Chia was the Senior Vice President and Head of Issuers, Regulatory Policy and Advisory in Bursa Malaysia in charge of the Bursa Malaysia Securities Berhad Listing Requirements. She has dealt with a wide range of work relating to capital markets and been involved in various capital market initiatives. This included the merger of the then Main and Second Boards to the current Main Market, repositioning of the MESDAQ Market to the ACE Market in 2009 and the establishment of LEAP Market in 2017.
SPEAKER: LEE SHIH
Lee Shih graduated from the University of Bristol, England with a LLB (Hons) degree. He was admitted as a Barrister-at-Law (Gray's Inn) in October 2004 and was admitted as an Advocate & Solicitor in the High Court of Malaya in September 2005. Having completed his pupillage at Skrine, he joined as an associate in October 2005 and was made a Partner in January 2012.
His portfolio of litigation work focuses on international arbitration, corporate litigation and corporate insolvency. He regularly acts in cross-border disputes and has appeared in international arbitrations in Asia and Europe. He has acted as lead Counsel in a variety of shareholder disputes, involving just and equitable winding up and oppression petitions. He also advises and acts in insolvency, schemes of arrangement and receivership matters.
Lee Shih is listed in the Legal 500 Asia Pacific and was described as "diligent and indefatigable, and a name to watch for the future". He has been ranked as an 'Up and Coming' Dispute Resolution lawyer in Chambers Asia-Pacific 2014 - 2017 where he has been described as “making an excellent name for himself in litigation, particularly for corporate and insolvency litigation and international arbitration” and as being part of "the next generation of talented individuals: a forceful advocate in terms of intellectual prowess and punching well above his weight in terms of his level of seniority." In the 9th edition of the Global Arbitration Review (GAR) 100 (2016), clients commented that he is “an impressive up and coming lawyer” and “a safe pair of hands.”
He is a Council member of the Insolvency Practitioners Association of Malaysia (IPAM) and a member of INSOL International.
Having been trained by the Advocacy Training Council of England and Wales, he is now an advocacy trainer with the Malaysian Bar and teaches advocacy to pupils and young lawyers.