Regulatory Alerts2004-07-26
Added · Updated
Guidelines on the Offering of Asset-backed Securities
The Securities Commission of Malaysia issued these guidelines to establish clear criteria for the issuance and offering of asset-backed securities within the Malaysian capital market. The document mandates strict requirements for eligible assets, true sale criteria, and the bankruptcy-remote status of Special Purpose Vehicles to ensure investor protection and regulatory compliance. It further outlines specific disclosure obligations, servicer duties, and a 28-day approval timeline for securitisation transactions submitted for regulatory review.
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