Regulatory Alerts2022-11-28
Summary of Amendments to the Revised Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors
The Securities Commission issued revised guidelines on 28 November 2022 to align corporate bond and sukuk issuance rules with the Islamic Capital Market Products and Services Guidelines. Key changes include the deletion of specific sukuk definitions and Shariah requirements that are now governed by the ICMPS Guidelines, alongside the insertion of new definitions for Shariah advisers. The revision also mandates the submission of compliance checklists and updated confirmation letters from Shariah advisers to the Securities Commission.
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