Decoding Transaction and RPT Rules | Asian Banking School

Overview
Objectives & Outline
Methodology
Participant Profile
Trainer

Overview

PROGRAMME DETAILS
DATE
-
TIME
-
TRAINING PLATFORM
Talent LMS & Zoom
Companies listed on the Main Market of Bursa Malaysia enter into transactions, be it related party transactions (RPT) or otherwise (i.e. Non-RPT), on a regular basis. A good understanding of the rules governing Non-RPT and RPT, as well as an appreciation of the guiding principles behind such rules are paramount to compliance with Chapter 10 of the Listing Requirements (LR).
LEARNING LEVEL
Foundation
PROGRAMME FEE
AICB MEMBER
MYR
2,000*
/ PAX
NON-MEMBER
MYR
2,300*
/ PAX
*Subject to 6% Service Tax
REGISTRATION IS CLOSED
Objectives & Outline
LEARNING OBJECTIVES
By the end of this programme, participants will be able to:

Determine and explain the extent to which Chapter 10 of LR will apply to a listed company and its group of companies
Explain accounting definitions of subsidiary companies, joint arrangements and associated companies; and the application of the same in Chapter 10 of LR.
Explain and distinguish the narrower definition of “transactions” for Non-RPT
Explain the extended definition of “transactions” pertaining to disposal of developmental rights of real estate for Non-RPT; and identify real life scenarios for application of the rule thereof
Explain rationale and apply the rule relating to acquisitions/disposal of landbanks
Explain and identify the wider definition of “transactions” for RPT
Identify related parties and persons connected to directors and major shareholders
Explain rationale behind percentage ratios, summarise various thresholds and determine obligations of listed companies for Non-RPT and RPT
Adopt an effective approach in reading of various RPT exemptions in paragraphs 10.08(9) and 10.08(11) of LR
Identify RPT scenarios and avoid common mistakes in RPT provisions with various case studies
PROGRAMME OUTLINE
Scope of Chapter 10
Transactions by listed issuer or subsidiaries
Transactions between listed issuer & wholly-owned subsidiaries
Definition of subsidiaries, joint arrangements and associated companies

Non-Related Party Transactions (Non-RPT)
Narrower definition of “transactions” for Non-RPT
Disposal of developmental rights
Acquisitions/disposal of landbanks

Related Party Transactions (RPT)
Wider definition of “transactions” for RPT
Acquisition, disposal or leasing of assets
Establishment of joint ventures
Provision of financial assistance
Provision or receipt of services
Other business transaction or arrangement

Definition of “interest” involving related parties
Identifying related parties
Directors and major shareholders (MS)
Directors/MS and 6-month rule
Persons connected with Directors and MS
Family members
Persons (or body corporate) accustomed to act in accordance to wishes of director/MS
Persons (or body corporate) in accordance with whose wishes director/MS is accustomed to act
Body corporate in which director/MS controls ≥ 20% voting shares in the body corporate

Percentage Ratios & Obligations
Ground rules in computation of percentage ratios
Various thresholds & obligations for Non-RPT and RPT

RPT Case Study
Related party at subsidiary company
Paragraph 10.08(11)(n) & (o)
Paragraph 10.08(9) – Exempt RPT
Common major shareholder
Paragraph 10.08(11)(l)
(horizontal & vertical corporate structures)
Common directorship
Paragraph 10.08(11)(c)
(horizontal & vertical corporate structures)
Linking “persons connected” to common major shareholder rule
Methodology
Online lecture that includes presentations and discussions with easy-to-understand illustrations using PowerPoint slides, coupled with selected real-life case studies to reinforce the understanding of the guiding principles behind the Listing Requirements.

The trainer will also share his experiences from relevant cases that he has encountered in his capacities as a Bursa Officer and an advisor-in-practice.

Technical Requirements:
Desktop, notebook or tablet with camera, speaker and microphone
Internet access
Conference platform: Zoom
Participant Profile

Corporate finance personnel of investment banks with some knowledge and at least 1 year hands-on experience in the subject matter.
Trainer

Chee Kai Mun
Prior to the formation of CKM Advisory Sdn Bhd, he was the Vice President of Listing Advisory & Development at Bursa Malaysia. He was instrumental in setting up and subsequently spearheading the Listing Advisory division, which is a specialized team in Bursa Malaysia that provides guidance and advice to listed companies and their advisors (namely, investment banks, legal firms, audit firms and secretarial firms) in interpretation and application of the Listing Requirements.

Chee was also Director, Compliance & Advisory of Tricor Corporate Services Sdn Bhd, a corporate advisory firm in Kuala Lumpur. He was responsible for providing advisory services in compliance with Listing Requirements to their corporate secretarial and share registrar teams, as well as clients listed on the official list of Bursa Malaysia.
Mr. Chee has accumulated more than 25 years of experience in advisory work relating to Listing Requirements. He has extensive experience in this field from different perspectives namely, as a regulator with Bursa Malaysia, as a consultant and hands-on corporate finance experience with a company listed on Bursa Malaysia. He has conducted training in Listing Requirements for Directors, CEOs, CFOs and Company Secretaries of listed companies, both in his capacities as a Bursa Officer and an advisor-in-practice.

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