Only Sophisticated Investors, as defined under Schedules 6 & 7 of the Capital Markets and Services Act 2007 (“CMSA”), are allowed to invest in companies listed on the LEAP Market.
The Sophisticated Investors are categorised as:
- Accredited investors;
- High net-worth entities; and
- High net-worth individuals.
Examples include:
- An individual whose total net personal assets exceeds RM3,000,000 or equivalent in foreign currencies; or
- An individual with a gross annual income exceeding RM300,000 or equivalent in foreign currencies in the preceding twelve months; or
- An individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or equivalent in foreign currencies in the preceding twelve months; or
- A corporation with total net assets exceeding RM10,000,000 or equivalent in foreign currencies based on the latest audited accounts; or
- A partnership with total net assets exceeding RM10,000,000 or equivalent in foreign currencies; or
- A company that is registered as a trust company under the Trust Companies Act 1949, with assets exceeding RM10,000,000 under management; or
- A corporation that is a public company under the Malaysia Companies Act 2016, approved by the Securities Commission Malaysia to be a trustee under the Capital Markets and Services Act 2007 and has assets exceeding RM10,000,000 under management.