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KUALA LUMPUR – Listed issuers can only conduct fully virtual meetings in areas under the movement control order (MCO) and the conditional movement control order (CMCO).
In a statement, the Securities Commission Malaysia (SC) referred to its updated Guidance Note on the Conduct of General Meetings for Listed Issuers, that hybrid and physical meetings may only be conducted in areas under recovery movement control order or areas not subjected to any movement restrictions.
Meanwhile, the SC’s office remains open throughout the MCO although its walk-in complaints service has been suspended for the time being.
SC also said capital market participants (CMPs) as essential service providers under the services sector, can continue to undertake and provide capital market activities and services.
This will be in accordance with the applicable standard operating procedures (SOPs) issued by the authorities during the emergency ordinance and various forms of MCO, it said.
It said CMPs who may require verification letter(s) to facilitate travel movement for their employees or third party service providers for critical functions can email their requests or queries.
All CMPs are reminded to adhere to applicable SOPs, including observing 30% of management staff at their premises and suspending sales and marketing activities outside their premises or in public places for areas under MCO. – Bernama, 19 January, 2021
