Regulatory Alerts2019-11-26
Summary of Amendments to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
The Securities Commission Malaysia issued amendments to its Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors on 26 November 2019 to align definitions and Shariah rulings with the Guidelines on Unlisted Capital Market Products and Shariah Advisory Council resolutions. The revisions update specific paragraphs regarding sukuk principal terms, general Shariah rulings, and the framework for Sustainable and Responsible Investment (SRI) sukuk to ensure consistency with international standards. Key changes include introducing new definitions for SRI sukuk, clarifying asset pricing and early redemption charges, and establishing enhanced reporting, disclosure, and external review requirements for eligible SRI projects.
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