Dear valued clients, colleagues and friends,

We are pleased to bring you the latest legal updates for December 2021.

Corporate/M&A

Bursa Malaysia Issues Updated Corporate Governance Guide (4th Edition)

Bursa Malaysia Securities Berhad Becomes One-Stop Centre for ACE Market IPOs And Prospectus Registration

Financial Services

Exposure Draft on Business Continuity Management

Exposure Draft on Payment System Operator

Liberalisation to Unit Trust Framework

Upliftment of suspension on the IDSS And PDT Short Sale

Consultation paper on Sustainable and Responsible Investment (“SRI”) Taxonomy

Amendments to Guidelines on Compliance Function for Fund Management Companies

Guidelines for Shariah Advisers

Intellectual Property

Various IP bills passed by Dewan Negara

Tax & Revenue

Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies in The Field of Engineering and Technology at the Technical and Vocational Certificate, Diploma or Bachelor’s Degree Levels) Rules 2021

Income Tax (Deduction for Expenditure on Provision of Employees’ Accommodation) Rules 2021