Regulatory Alerts2019-11-26
Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
The Securities Commission Malaysia issued these guidelines to establish the regulatory framework for the issuance, offer, and invitation of corporate bonds and sukuk to retail investors. The document mandates eligibility criteria for issuers, requires credit ratings for most issues, and outlines specific obligations for trustees, responsible parties, and the utilization of proceeds. It further details additional Shariah requirements for sukuk, procedures for obtaining Securities Commission approval, and compliance with continuous disclosure and post-issuance obligations.
Share