17 Oct 2016 Notes on the New Malaysian Code on Take-Over 2016

On 15 August 2016, the Securities Commission of Malaysia (SC) revised the take-overs and mergers regulatory framework in Malaysia by the launch of its new rule book as well as a vastly revised take-overs code.

The Rules on Takeovers, Mergers and Compulsory Acquisitions 2016 (Rules) together with the Malaysian Code on Take-Overs and Mergers 2016 (New Code) replaces the Malaysian Code on Take-Overs and Mergers 2010 (2010 Code) as of 15 August 2016.

The operational and conduct requirements in relation to takeovers are now contained in the Rules, where they were formerly set out in the 2010 Code. The New Code rather than setting out specific requirements, now prescribes a set of 12 general principles (General Principles) to be adhered to by all parties involved in any takeover or merger transaction.

Full article: Notes on the New Malaysian Code on Take-Over 2016

 
Article Written by:
Ng Ai Rene
Associate
airene@abdullahchan.my

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