Regulatory Alerts2018-09-19
Illustrations to the Seasoned Corporate Bonds and Sukuk Framework
The Securities Commission Malaysia outlines the procedural timeline and reporting obligations for eligible distributors of seasoned corporate bonds and sukuk. Distributors must submit an initial notification and fee at least two business days before distribution commences, followed by quarterly reporting on additional issuances and payments within seven days of each quarter's end. The framework also mandates a cessation notice submitted seven business days prior to stopping distribution activities, with annual fees capped at RM10,000 for additional tranches.
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