Quarterly Financial Reports

On 11 March 1999, the Kuala Lumpur Stock Exchange (KLSE, currently known as Bursa Malaysia) announced that public-listed companies in Malaysia were required to produce quarterly financial reports. The requirement came under the Listing Requirements (Amendment 1999) of Bursa Malaysia, which was introduced just after the economy was seriously hit by the 1997/1998 Asian financial crisis.

Previously, listed companies were only required to submit interim reports to Bursa Malaysia. The interim report was to be filed within three months from the end of the first half-yearly period in the financial year. After the 1999 amendment, the quarterly reports must be filed within two months from the end of every financial quarter. This requirement is in line with Bursa Malaysia’s emphasis on greater corporate disclosure, both in content and frequency.

Quarterly financial reports can be viewed as an indication of how the firm is progressing within the yearly reporting cycle. It will aid investors in predicting the probable outcome of the company. The requirement is expected to enhance investors’ confidence in the capital market and strengthen corporate governance and accountability. Click HERE to check the listed companies quarterly financial reports.

In Malaysia, investment banks are regulated by Bank Negara Malaysia (Malaysia Central Bank). Investment banks will hold two licences issued pursuant to the Banking and Financial Institutions Act 1989 and the Securities Industry Act 1983 respectively. They will be co-regulated by Bank Negara Malaysia and the Securities Commission. Bank Negara Malaysia and the Securities Commission will adopt an objective-driven approach to maximize efficiency and effectiveness in regulating investment banks.