Regulatory Alerts2019-08-09
Summary of Key Amendments to the Guidelines on Seasoned Corporate Bonds and Sukuk
The Securities Commission issued revised guidelines effective 19 July 2019 to update eligibility, disclosure, and reporting requirements for seasoned corporate bonds and sukuk. The amendments introduce new duties for eligible distributors to ensure no false or misleading statements occur and mandate specific information in initial and post-distribution notifications. Additionally, the rules clarify quarterly reporting obligations and establish new procedures for declaring non-eligibility and ceasing distribution.
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