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Mandatory MBRS 2.0 implementation: All companies, including foreign entities registered in Malaysia, are now required to submit their Annual Return, Exemption Application, and Financial Statements through the MBRS 2.0 platform in XBRL.

This phased implementation also applies to banking, financing, and insurance companies regulated by Bank Negara Malaysia (BNM), as well as companies with Financial Statements prepared under the Companies Act 1965, which were previously exempted.

MBRS 2.0 live: MBRS 2.0 brings significant upgrades to enhance reporting efficiency, accuracy, and compliance. Notable improvements include: 

• Updated Reporting Framework – Integration of the latest Malaysian Financial Reporting Standards (MFRS), Malaysian Private Entity Reporting Standards (MPERS), and revised Companies Act 2016 requirements. 

• Refined XBRL financial and non-financial data. 

• Enhanced User Experience & System Functionality – Streamlined submission processes, improved validation checks, and real-time error detection. 

• Expanded Filing Scope – Coverage now extends beyond FS and AR submissions to include additional compliance documents.

Mandatory Filing: Mandatory digital submission of following documents in XBRL through SSM:

1. Annual Returns (“AR”); and
2. Exemption Applications (“EA”) related to FS and AR submissions.

Launch of MBRS: Introduction of Malaysian Business Reporting System (“MBRS”) by the Suruhanjaya Syarikat Malaysia (“SSM”) as a digital submission platform based on the eXtensible Business Reporting Language (“XBRL”).