The Securities Commission and Bursa Malaysia have proposed a major overhaul of the LEAP Market, Malaysia's platform for MSMEs and mid-tier companies to raise capital. LEAP Market 2.0 would open the market to retail investors for the first time, simplify listing disclosures, and create a smoother path from equity crowdfunding to the ACE Market. Eng Cha Lun and Arthur Cheng of BDO Malaysia looks at what's changing, why LEAP's liquidity problems have persisted, and what the proposed reforms could mean for businesses and investors.