Who should submit financial statements in XBRL format to SSM MBRS?
SSM requires all Malaysia incorporated companies to file their annual returns and financial statements in XBRL format except for companies such as insurance institution, banking and other financial institutions that
are regulated by the Bank Negara Malaysia.
Who need to file full set of financial statements in XBRL format?
Malaysia incorporated companies, both public and private, are required to file their annual returns and financial statements with SSM-MBRS. The XBRL report has to be prepared in accordance with applicable standards
such as Malaysian Financial Reporting Standards (MFRS) Taxonomy or Malaysian Private Entity Reporting Standards (MPERS).
Foreign companies are allowed to submit FS-FC once granted approval for the Application to waive lodgment of financial statements by foreign company (EA3) from SSM.
Who are not required to file in XBRL format?
The following type of companies are excluded from filing the full set of XBRL financial statements and can file through the counter at SSM officesp
Who can file only Key Financial Indicators (“KFI”) in XBRL format?
If a company is submitting only the Key Financial Indicators (“KFI”) then EA2 (Application for Exemption from Filing Financial Statements in Full XBRL Format) must be submitted and approved by SSM before a company is
allowed to submit a KFI.
In general, if a company is seeking exemption, the appropriate exemption application must be submitted and approved by SSM before filing relevant financial statements or KFI on MBRS portal.
What are the type of exemptions available related to submission of financial statements and annual return?
In relation to the submission through MBRS, there are certain exemption for filing which companies can apply on the MBRS portal through Exemption application (EA):