Malaysia

Amendments to the Securities Laws

Brian Chia (brian.chia@wongpartners.com), Munir Abdul Aziz (abdul.aziz.munir@wongpartners.com), Wong& Partners, Kuala Lumpur, Malaysia, *Correspondent law firm of Baker & McKenzie

The demutualization of the Kuala Lumpur Stock Exchange (KLSE) required amendments to the securities laws to accommodate the new structure of the exchange. The amendments include new definitions, provisions to cater for the new exchange structure and public policy framework in relation to composition of the board of the exchange company.