Regulatory Alerts2018-10-11
Guidelines on Seasoned Corporate Bonds and Sukuk
The Securities Commission Malaysia issued these guidelines to regulate the distribution of seasoned corporate bonds and sukuk to retail investors. The document establishes eligibility criteria for distributors and specific financial characteristics for the securities, including minimum credit ratings and a mandatory 12-month seasoning period. It further mandates strict disclosure, notification, and quarterly reporting obligations for eligible distributors to ensure ongoing compliance and investor protection.
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