Legal Updates for January 2024

Regional Guide on Listings & Initial Public Offerings in Southeast Asia

Rajah & Tann Asia is pleased to present this guide on listings and initial public offerings in Southeast Asia to you, which we believe will be a useful aid to listing aspirants in the Asia region. As a summary, this guide gives a general overview of the key requirements and processes involved in listings and initial public offerings in the following jurisdictions: 

  • Singapore
  • Indonesia
  • Malaysia
  • Thailand
  • Cambodia
  • Vietnam 

In addition to the above, this guide also provides a general overview of the capital markets and/or stock exchanges in the region.

 Rajah & Tann Asia is here to assist you in every step of your way towards a successful listing. If you have any queries on any specific jurisdiction(s), please feel free to reach out to any one of our experts in our Rajah & Tann Asia and we will be happy to assist. 

This publication is up to date as of 3 January 2024.  As the report is cast in general terms and not exhaustive, detailed advice must be sought on specific situations or queries. 

Prakas on Trustees' Obligations to Report, Notify, and Request for Approval

On 20 December 2023, the Non-Banking Financial Services Authority issued a new Prakas No. 067 on Trustees' Obligations to Report, Notify, and Request for Approval ("Prakas"). This Prakas comprises 7 chapters with 27 articles which apply to all licensed/permitted trustees in the Kingdom of Cambodia. The purpose of the Prakas is to specify the obligations of trustees in relation to reporting, notifying, and seeking approval from the Trust Regulator to facilitate monitoring for effective, transparent, and accountable execution of trustee obligations. 

This Update highlights the key features of the Prakas.