Rhb Ib Vows To Strengthen Compliance After Bursa Securities Rebuke


 
RHB Investment Bank MD and CEO Ganesh Sabaratnam said the bank will exercise a higher degree of due diligence and compliance with regulatory requirements in carrying out its responsibilities.KUALA LUMPUR: Following a severe reprimand and fine by Bursa Malaysia Securities Bhd (Bursa Securities) for violating listing requirements, RHB Investment Bank (RHB IB) has declared its commitment to strengthen its due diligence procedures.
Managing director and CEO Ganesh Sabaratnam said the bank will exercise a “higher degree of due diligence and compliance” with regulatory requirements in carrying out its responsibilities.
“We take this matter very seriously and have reviewed and enhanced our due diligence processes and procedures, including the review process of our clients, both quantitatively and qualitatively, to be more robust,” he said in a statement today.
Ads by KioskedIn a statement yesterday, Bursa Securities reprimanded and imposed a fine of RM350,000 on RHB IB for breaching ACE Market listing requirements.
The two listing requirement breaches led to the rejection of the proposed initial public offering (IPO) of an ACE Market applicant for which RHB IB was the sponsor and principal adviser.
This is not the first time the investment bank had flouted listing rules. In its statement, Bursa Securities pointed out RHB IB had “previously committed breaches of the listing requirements”.
The exchange regulator stressed the bank’s board needed to conduct a comprehensive review and assessment of the adequacy and effectiveness of its internal policies, processes and procedures relating to its role as an adviser for submissions to Bursa Securities.
External adviser
Ganesh said RHB IB is currently working with an external adviser to ensure the bank continues to align with due diligence processes and procedures to market best practices.
Ads by Kiosked“The enhancements to the due diligence processes and procedures, coupled with a strong commitment and cooperation from our clients and all other parties involved, will further raise the quality and standards of due diligence,” he added.
Bursa Securities said yesterday RHB IB failed to conduct proper due diligence to ensure all material information was accurately disclosed.
It also failed to immediately notify the exchange of material developments concerning the IPO applicant’s business, operations, future plans, and prospects after the initial submission of the proposed listing.
“RHB IB had failed in the discharge of its duties as the sponsor and principal adviser which was unacceptable, particularly in view of the numerous engagements and queries by Bursa Securities,” it added. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/09/rhb-ib-vows-to-strengthen-compliance.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Press Freedom Just A Ph Campaign Tool Veteran Journalist Says After Media Restrictions

Press Freedom Just A Ph Campaign Tool Veteran Journalist Says After Media Restrictions

papar berkaitan - pada 8/9/2023 - jumlah : 175 hits
A veteran journalist says that Pakatan Harapan only used the issue of press freedom as a campaign tool for its political interests following the recent string of blocks on websites Speaking to MalaysiaNow A Kadir Jasin said that PH never ma...
Japan Launches Rocket Carrying Moon Lander After 3 Delays

Japan Launches Rocket Carrying Moon Lander After 3 Delays

papar berkaitan - pada 7/9/2023 - jumlah : 175 hits
Jaxa said the rocket took off from Tanegashima Space Center in southern Japan as planned TOKYO Japan launched the H IIA rocket carrying the national space agency s moon lander on Thursday morning after unfavourable weather led to three post...
Spanish Women S Football Coach Vilda Fired After Kiss Scandal

Spanish Women S Football Coach Vilda Fired After Kiss Scandal

papar berkaitan - pada 6/9/2023 - jumlah : 179 hits
Spain s Jenni Hermoso and coach Jorge Vilda attend a press conference ahead of the Women s World Cup semifinal last month MADRID Spain s football federation has sacked Jorge Vilda the coach of its World Cup winning women s team as part of t...
Chinese Doubt Govt S Commitment To Reform After Zahid S Dnaa Says Lau

Chinese Doubt Govt S Commitment To Reform After Zahid S Dnaa Says Lau

papar berkaitan - pada 6/9/2023 - jumlah : 302 hits
Gerakan president Dominic Lau said the Chinese community s initial support for PH was based on the coalition s commitment to reforms PETALING JAYA There is no need to ramp up efforts to woo Chinese and other non Malay voters for Perikatan N...
4 Held After Body Of Abduction Victim Found

4 Held After Body Of Abduction Victim Found

papar berkaitan - pada 8/9/2023 - jumlah : 112 hits
Police say the four suspects have previous convictions for drug related offences KUALA LUMPUR Police have arrested four men in connection with the abduction of a man found dead near a petrol station in Batu 14 Puchong Selangor yesterday Kua...
Ipoh Mom Teen Son Injured After Tree Falls On Car

Ipoh Mom Teen Son Injured After Tree Falls On Car

papar berkaitan - pada 9/9/2023 - jumlah : 270 hits
Courtesy pixIPOH A 47 year old woman and her teen son suffered minor injuries after their car was hit by a falling tree Perak Fire and Rescue Department operation officer Mohd Rozairi Abdul Rahim said the incident happened at Taman Song Cho...
Join Opposition Syed Saddiq Told After Lapdog Remark

Join Opposition Syed Saddiq Told After Lapdog Remark

papar berkaitan - pada 9/9/2023 - jumlah : 229 hits
It is time for Muda president Syed Saddiq Syed Abdul Rahman and his party to make a decision says Howard Lee of DAP PETALING JAYA The youth party Muda and its president Syed Saddiq Syed Abdul Rahman have been urged to just leave the governm...
I Can Campaign For Who I Like Says Zahid After Bersih Report

I Can Campaign For Who I Like Says Zahid After Bersih Report

papar berkaitan - pada 9/9/2023 - jumlah : 220 hits
Ahmad Zahid Hamidi meeting residents of the Melana Indah public housing project in Johor on Sept 3 He was later alleged to have used undue influence on voters PETALING JAYA Deputy prime minister Ahmad Zahid Hamidi who is Barisan Nasional ch...
Traffic On Elite Highway At Standstill After Tanker Accident

Traffic On Elite Highway At Standstill After Tanker Accident

papar berkaitan - pada 9/9/2023 - jumlah : 197 hits
PETALING JAYA Traffic along the Elite Highway is at a standstill after a collision involving a tanker causing several lanes to be closed for cleaning works In a Facebook post on Friday PLUS Malaysia said the accident at KM1 2 from Shah Alam...
Let S Not Return To The Old Ways Of Tight Media Control

Air Terjun Tujuh Puteri Bukit Sri Permata

Bank Islam Berwajah Baru Melalui Aplikasi Dan Web

Company Director Scammed Of Over Rm1mil By Inspector Harun

O G Firm Right To Dismiss Worker For Refusing Covid 19 Jab Says Industrial Court

How To Survive Thanksgiving Travel

Kyrkoherden Och Draken En F Rh Xande Saga Om Mod Och V Nskap Fr N Antika Spanien

Dayang Nurfaizah Mencintai Cinta Chord


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


The American Society Of Cinematographers Over And Above The Frame Casin

Hoya Pro1 Uv Filter

Orang Tua Sekarang Membunuh Anaknya Secara Halus

Apabila Wanita Tertinggi Dan Paling Pendek Bertemu

Seorang Sahaja Zul Ariffin Tersasul Doa Minta 4 Isteri

Isu Artis Mangsa Buli Syafiq Yusof Gesa Produksi Main Peranan Perlu Wujudkan Suasana Friendly