"The requirement applies to both Main Market and ACE Market listed companies in stages", Bursa said.
Timeline for IFRS Standards Adoption:
Main Market Issuers
Jan 1, 2025:
Large listed firms with a market capitalisation of at least RM2 billion must adopt IFRS standards for annual reporting.
Jan 1, 2026:
Remaining Main Market issuers are required to adopt IFRS standards.
Relief Period:
Specific reliefs, focusing on a climate-first approach, can be applied for two full financial years.
ACE Market Issuers
Jan 1, 2027:
IFRS standards implementation begins for all ACE Market listed corporations.
Relief Period:
Specific reliefs can be applied for three full financial years.
Media Release (23 Dec 2024)
