Compulsory Digital Submission of Financial Statements and Reports (“FSR”) under MBRS 2.0
- On 26 November 2024, Companies Commission of Malaysia (“SSM”) announced the mandatory implementation of the Malaysian Business Reporting System 2.0 (“MBRS 2.0”) in stages.
- All the companies including foreign companies registered in Malaysia must prepare and submit their FSR digitally to SSM in eXtensible Business Reporting Language (XBRL) format under MBRS 2.0 with effect from 1 June 2025 under Phase 3.
- Please refer to the following link for the notices from SSM (Bahasa Malaysia) and The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA):-
www.ssm.com.my/Lists/Announcement/AnnouncementDetails.aspx?ID=379
Compliance Action
- To send employee(s) of the Company to attend MBRS training for preparing and generating the FSR in XBRL format internally. Thereafter, forward the XBRL file to the Company Secretary for submission via MBRS. Alternatively, to contact us for the said service.
- To refer to the link for MBRS guide, http://www.ssm.com.my/Pages/Services/Other-Services/MBRS.aspx
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Disclaimer
The information provided herein is for general information purposes. While we strive to ensure the accuracy of the information, we make no warranties or representations about the completeness, accuracy and usefulness of this information. We assume no responsibility or liability for any errors or omissions in the content of this document. You are advised to refer to the website link(s) provided, where applicable or the regulatory body mentioned herein and/or contact us directly, contact@datamet.com.my.