Greetings.
To those who might want to know more about the Share Investment Centre (Maybank Investment), please visit http://www.maybank2u.com.my
What interest me is the HOT Broking Programme introduced by Maybank Investment for newbie (bumiputera especially) but potential investors to be part of the retail market by investing into selected syariah counters.
But before investors decide to invest, they must first get the Yellow Form or Acknowledgement of Receipt from Ministry of Trade and Industry (MITI) and definitely there are rules to be followed for both category - individual or company (in most cases Private Limited - Sdn. Bhd.)
I do 'hear' few proposals as well but I do not know how true they are :
a) To open up eligibility of Bumiputera to invest also for enterprise/partnership entities as well. (I notice in one IPO notice from Maybank Investment indicating 'enterprise entities' are eligible but MITI; I think clearly mentioned that it is for "Sdn. Bhd." )
If this is true (that enterprise/sole prop can apply for Bumi shares) then it is a good thing to do but there may be additional requirements to ensure that 'enterprise' (sole prop) entities have audited accounts (which is the same in the partnership - pursuant to Partnership act - but any act never mention a sole prop should also have audited accounts. The problem is because some of their clients require the supplier to have audited accounts but the supplier is only an enterprise entity which by law do not require audited accounts - perhaps an income statement )
b) Liberalization of retail market (syariah counters) branching out to Singapore, Brunei and Indonesia.
Alas, this is only my personal opinion - nothing to do with ROS/SSM, Maybank or MITI. Please contact the right authorities for further information.