Regulatory Alerts2014-08-28
Guidelines on Private Debt Securities
The Securities Commission Malaysia issued these revised guidelines under the Capital Markets and Services Act 2007 to regulate the issuance, offering, and invitation to subscribe or purchase private debt securities. The document establishes comprehensive requirements for issuers, principal advisers, and credit rating agencies, while detailing specific approval processes and disclosure obligations for both institutional and retail offerings. It further mandates compliance with trust deed provisions, sets tenure limits for debt programmes involving commercial papers, and defines the operational modes for ringgit and foreign currency-denominated securities.
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