Malaysia’s market regulators last week relaxed a raft of rules,

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  • 28 Apr 2020
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Malaysia Market Regulators Relaxed a Raft of Rules to Reprieve Public Listed Companies Effected by the COVID-19 Pandemic

Malaysia’s market regulators last week relaxed a raft of rules, giving a temporary reprieve to public listed companies (PLCs) battered by the fallout from the Covid-19 pandemic, with economic activity plunging during the Movement Control Order period. From April 17 this year to June 30 next year, Main Market-listed companies that trigger specific sets of criterion within the Practice Note 17 (PN17) framework will not be classified as such for one year. Similar temporary relief from Guidance Note 3 (GN3) classification will be provided to companies listed on the ACE Market.

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