To date, there has been inadequate progress on this front. Any change in the rules and regulations in KLSE should only be undertaken after adequate notice is given and not implemented abruptly or arbitrarily. Rules relating to member companies Main Board and Second Board listing requirements. Guidelines for the issue and trading of call warrants. Guidelines governing purchase of own shares by listed companies.
Companies are to utilise their share premium account.
No compulsion for companies to cancel shares brought back and allow companies to keep shares as Treasury stocks. Introduction of appropriate anti-manipulation rules. Prohibit the use of financial assistance. The new guidelines provide for the utilisation of share premium account for share buyback and the option to treat repurchased shares as treasury shares. Treasury shares can be retained, distributed as dividends or resold.