The Malaysian Investment Banking Association (MIBA) is pleased to announce the launch of the Malaysia Equity Capital Markets and Debt Capital Markets Due Diligence Guides (Industry Guides). The Industry Guides seek to enhance and clarify the standards of due diligence and disclosure in the preparation and submission of corporate proposals and offering documents to the Securities Commission Malaysia (SC).
The Industry Guides will take effect on 1 January 2021, in line with the SC’s new enhanced IPO framework.
The Industry Due Diligence Guides can be downloaded from https://www.miba.com.my/info-nuggets/resources/
The Industry Guides seek to align and complement the SC’s regulatory enhancements to take into account the evolving capital market landscape. They encompass different aspects of due diligence which include, among others, setting the scope and extent of due diligence in a corporate proposal, roles of the participants involved and highlighting the appropriate verification process and relevant steps to be adopted throughout the preparation and submission process of corporate proposals. In addition to Initial Public Offerings (IPO), the Industry Guides may also be applicable in the conduct of due diligence exercises for submissions or applications in respect of other corporate proposals to the SC and Bursa Malaysia Securities Berhad.
The Industry Guides benefit from close consultation and collaboration with key industry stakeholders and associations, including the Malaysian Institute of Accountants (MIA), Malaysian Institute of Certified Public Accountants (MICPA), Malaysian Bar Council, Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), Association of Valuers, Property Managers, Estate Agents & Property Consultants in the Private Sector Malaysia (PEPS), Federation of Public Listed Companies and various independent market researchers.