Regulatory Alerts2013-06-27
Joint Information Note on the Issuance and Subscription of Ringgit and Foreign Currency-Denominated Sukuk and Bonds in Malaysia
Bank Negara Malaysia and the Securities Commission Malaysia issued this note to establish the regulatory framework for the issuance and subscription of ringgit and foreign currency-denominated sukuk and bonds. The document mandates specific application submission procedures, depository and settlement requirements through RENTAS and MyClear, and outlines exemptions from trustee requirements for high-rated or institutional issuances. It further details tax exemptions for investors, permissible hedging activities, and the capital treatment of these securities for licensed onshore banks and insurers.
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