IPO Building Blocks Series: The Basics of IPO

ABOUT THE PROGRAMME

The Securities Commission (SC) had on 1 January 2021 introduced the enhanced initial public offering (IPO) framework to promote greater shared responsibility among key stakeholders involved in the IPO application process for listing on the Main Market of Bursa Malaysia. Applicants and advisers are expected to adopt certain standards of disclosure in IPO applications by disclosing material information and to ensure accuracy and completeness of such information for investors to make informed investment decisions. Hence, relevant due diligence must be properly conducted before submissions are made to the SC. It is crucial for advisers to understand the SC’s expectations on IPO applications and obligations of all parties in submitting information to the SC that is true, not misleading and with no material omission.

This programme will provide an overview of the relevant requirements for listing of companies on the Main Market of Bursa Malaysia and the underlying principles of the five (5) IPO focus areas including the minimum requirements for listing, corporate governance, related party transactions & conflicts of interest, public interest as well as interest of investors. Meaningful disclosures in a prospectus will also be discussed such as standards of disclosures, the liable persons for such disclosures and when disclosures are able to cure listing suitability issues. In addition, regulatory requirements on due diligence, material development, appointment of other advisers/experts and reliance on work of such advisers will be examined together with the frequently missed issues by advisers.

LEARNING OUTCOMES

• Analyse the relevant requirements relating to IPO approval, disclosure documents and regulatory expectations.
• Review the underlying principles of the 5 focus areas for the listing of companies on the Main Market of Bursa Malaysia.
• Outline the required standards for meaningful disclosures in a prospectus to ensure there is no misleading information or material omission in IPO applications.
• Identify the regulatory requirements for IPO applications relating to due diligence, material development and other advisers and experts.
• Discuss the frequently missed issues by advisers in IPO applications.

WHO SHOULD ATTEND

• New Joiners, Junior, Mid-level Corporate Finance professionals
• Compliance Officers & Internal Auditors
• Equity Capital Markets professionals
• Reporting accountants & Due Diligence Lawyers
• Other advisers involved in the preparation of IPO application documents including senior management and board members of IPO applicant
• Individuals interested in the basics of IPO

LEVEL

Refresher

SPEAKER

Datin Hayati Aman Hashim

• Graduated with a Bachelor of Science in Accounting and Master in Business Administration (Corporate Finance) from Northern Illinois University, Illinois, USA.
• Qualified as a Certified Public Accountant of the American Institute of Public Accountants and Malaysian Institute of Public Accountants (“MICPA”). Member of the Malaysian Institute of Accountants and MICPA; and a co-opted member of MICPA’s Commercial, Industry and Public Sector Committee.
• Worked for 10 years in audit and corporate restructuring departments in 2 of the Big 4 Accounting Firms in Malaysia and USA; including 2 years as an Assurance Manager in KPMG Houston.
• Headed the Accounting, Finance, Treasury and Tax functions of a public listed company for 11 years.
• Head of Corporate Finance – Equities, Corporate Finance & Investments (one of two department heads), of the SC for almost 10 years. Among other roles, this department reviews applications for IPO, Reverse Take-overs and Transfer Listings and makes the appropriate recommendations to the SC Committee.
• Led the review for SC’s Prospectus Guidelines (2017), the Abridged Prospectus Guidelines (2018), the Electronic Prospectus (2019), and the issuance of new Guidance for the Circular to Shareholders for Significant Acquisitions (2018). Was significantly involved in the discussions over the new IPO approval process (announced in July 2020), the drafting of the Guidelines on Submission of Corporate and Capital Product Proposals and the review of the various key areas of the Equity Guidelines (up to 2019).

FEE

MIBA Member   :  RM650.00 per participant

Non-MIBA Member  :  RM800.00 per participant

*10% discount applies for group registration of 5 or more from the same organization

The closing date for the registration is on Wednesday, 22 June 2022.

TERMS AND CONDITIONS

Payment
Full payment to the following bank account is required with registration, at least one (1) week prior to the date of the programme :
Pay to: MALAYSIAN INVESTMENT BANKING ASSOCIATION
Account No: 8881003952559
Bank Details: AmBank (M) Berhad
Bangunan AmBank Group,
No. 55, Jalan Raja Chulan,
50200 Kuala Lumpur

Please e-mail payment advice to ipay@miba.com.my and state the Invoice No.

Cancellation / Substitution
Cancellations or refunds within one (1) week from the date of the programme will NOT be entertained. Non-attendance does not constitute cancellation and no refund will be given. Substitute(s) will be accepted provided forty-eight (48) hours prior written notice is received.

Data Protection
Personal data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709).

Disclaimer
MIBA reserves the right to change the date, speaker, course contents and programme or cancel the programme in the event of circumstances beyond our control.

For more queries, kindly email education@miba.com.my or contact us at +603-27113991.