The Securities Commission Malaysia (SC) is raising the bar for Main Market listings while giving ACE Market companies a clearer route to scale.
The SC has revised itsEquity Guidelines and released its response paper following a market segmentation review and public consultation that ended in December 2025.
The changes sharpen the roles of the Main Market and ACE Market under Malaysia’s public listing framework, while taking into account feedback from stakeholders.
The Main Market will remain focused on larger and more established companies, while the ACE Market will continue to serve small and mid-sized firms seeking a route to the Main Market.
ACE Market Gets Clearer Transfer Path
For the Main Market, the revised framework introduces higher profit requirements, stronger financial reporting quality requirements, more flexibility in assessing operating cash flow and broader eligibility for infrastructure-type listings.
For the ACE Market, the SC has reinforced its role as a sponsor-driven market.
ACE Market companies must have at least two full financial years of post-listing track record before applying to transfer to the Main Market.
The changes also remove exemptions on sponsorship and moratorium requirements, and introduce minimum public share allocation requirements.
SC Chairman Dato’ Mohammad Faiz Azmi said,
”This initiative supports the SC’s wider effort to enhance regulatory efficiency and governance excellence as outlined in the Capital Market Masterplan 2026-2030.”
The adopted proposals for the Main Market will take effect on 3 June 2026.
Featured image: Edited by Fintech News Malaysia, based on image by smth.design via Magnific
