MoF wants new LEAP Market measures to be ready by early next year

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Mof,Amir Hamzah Azizan,Johan Mahmood Merican

City leader John Lee says this year’s lineup of 210 mega events is expected to bring in about 1.7 million travellers, adding HK$4.

KUALA LUMPUR: The Ministry of Finance has instructed the Securities Commission Malaysia to further recalibrate the LEAP Market to address the issue of financing access for micro, small and medium enterprises and mid-tier companies .

"Two main challenges faced by MSMEs and MTCs are the high cost of fundraising and lack of clear pathways to access the public market and subsequently transition to a higher tiered board,” he said during the launch of the SC’s Five-Year Roadmap to Catalyse MSME and MTC Access to the Capital Market here today.He emphasised that the capital market regulator should look into widening the pool of listing advisers to include professionals such as accounting and legal firms.

He added that it is important to look into derisking MSME and MTC investments, of which Credit Guarantee Corporation would explore and discuss with more equity crowdfunding and peer-to-peer financing platforms to offer guarantees for their solutions. Amir Hamzah also said that Capital Markets Malaysia, an affiliate of the SC, would be issuing Simplified Environmental, Sustainability and Governance Disclosure Sector Guides that feature enhanced disclosures for five significant sectors in Malaysia's economy.

 

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