Regulatory Alerts2019-07-19
Summary of Amendments to the Revised Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
The regulator issued revised guidelines on 19 July 2019 to update the regulatory framework for the issuance of corporate bonds and sukuk to retail investors. Key changes include replacing the term 'platform' with 'BIX' across multiple chapters and inserting a new definition for 'BIX' while deleting the definition of 'platform'. The amendments also introduce continuous disclosure obligations requiring issuers to ensure no false or misleading statements are made on BIX and adjust terminology for consistency within the Qualified Issuer Framework.
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