,KUALA LUMPUR (Bernama) -- The Securities Commission (SC) and Bursa Malaysia Bhd is offering a 12-month waiver and rebate on listing-related fees to help reduce the companies’ fundraising cost and provide further financial relief to listed issuers. In a joint statement, both regulators said this initiative was part of the relief measures under the Strategic Programmes to Empower the People and Economy (PEMERKASA) announced by Prime Minister Tan Sri Muhyiddin Yassin on Wednesday. "The SC and Bursa Malaysia will continue to monitor ongoing developments and assess if further measures will be required to support listed issuers during this challenging period,” it said. The regulators said the 12-month waiver on listing-related fees for initial public offering (IPOs) takes effect on March 17, 2021. They said a 100 per cent waiver on processing fee, including prospectus registration fee, would be offered to companies that seek to list on the ACE and LEAP Market, as well as those with less than RM500 million market capitalisation on the Main Market. "This also includes a 100 per cent waiver on initial fees and annual listing fee for companies with less than RM500 million market capitalisation, and a 50 per cent waiver on initial fee and annual listing fee for companies with market capitalisation of RM500 million and above,” they said. The SC and Bursa Malaysia said a 50 per cent rebate of annual listing fees for the year 2021 would be provided for listed issuers with market capitalisation of below RM500 million as of Dec 31, 2020 and have reported financial losses as measured by group loss after tax in their quarterly report for a quarter ended on any date between Feb 1 and April 30, 2021. Additionally, a waiver on processing, perusal and listing fees would be given on regularisation proposals received by Dec 31, 2021.
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