Illustrations to the Seasoned Corporate Bonds and Sukuk Framework

Illustration 2: Payment Process
Illustration 1: Notification to commence distribution of seasoned bonds or sukuk and cessation of activity Tx + end of Q1 Tx + end of Q2 T+2 Tx Effective date of commencement of distribution No additional payment necessary between T0 and Tx for any notification on additional seasoned corporate bonds or sukuk Notification of any additional seasoned corporate bonds or sukuk distributed 12 months (Year 1) T0 End of first year of distribution 2 days Submit Initial Notification  Accompanied by payment of RM10,000 Submit Cessation Notice T-7 T0 Effective cessation date T+2 TY  Distribution activities may commence two business days after T0 Distribution Period  Submit Initial Notification (Appendix 1) on SC’s reporting platform at least two business days prior to T+2 TZ

• Submit the following documents on the SC’s reporting platform within 7 business
  days after the end of every quarter:
  1) Quarterly reporting (Appendix 3).
  2) Post-distribution notification of any additional seasoned corporate bonds or
  sukuk (Appendix 2), if applicable.
  3) Declaration by Eligible Distributor (Quarterly Reporting) (only in 4th quarter
  reporting) (Appendix 3).
  Notification on non-eligibility of seasoned corporate bonds or sukuk (Appendix 4) Email SC interest to distribute 2 days (min) 7 days (min) 7 days (min)  To email interest to distribute at least 7 business days prior to T0  Email:
  seasonedbonds@seccom. com.my
  Submit
  Initial Notification
  Effective date of commencement of distribution  Effective cessation date as determined and declared by distributor

• Submit Cessation
  Notice (Appendix 5) at least seven business days before intending to stop distribution activity Notification of additional seasoned corporate bonds or sukuk distributed after Tx  Notification (if any) to be submitted on a quarterly basis.  Payment of RM1,000 for each additional seasoned corporate bonds or sukuk / tranche distributed after Tx.  Payment capped at RM10,000 annually, regardless of the number seasoned corporate bonds or sukuk / tranche distributed.

02/01/2019
T
X
Commencement of distribution
16/12/2019
T
Y
Submission of Cessation
Notice
Q1* reporting
09/04/2019

• Quarterly reporting:
  1) Quarterly reporting for distribution of seasoned corporate bonds or sukuk (Appendix 3).
  2) Post-distribution notification of any additional seasoned corporate bonds or sukuk (where applicable)
  (Appendix 2), including payment of applicable fees.
  3) Declaration by Eligible Distributor (Quarterly Reporting) (only in 4th quarter reporting) (Appendix 3).
  Q4 reporting shall consist of transactions executed up until effective cessation date.
• Notification on non-eligibility of seasoned corporate bonds or sukuk (Appendix 4).
  Distribution Period
  Illustration 3: Quarterly Reporting and Notification Requirements (Example) 31/03/2019 End Q 1 30/06/2019 End Q 2 30/09/2019 End Q 3 26/12/2019 T Z Effective cessation date Within 7 days Within 7 days Within 7 days Within 7 days Q2* reporting 09/07/2019 Q3* reporting 09/10/2019 Q4 reporting 10/01/2020
• ‘days’ refers to business days
  31/12/2019
  End Q4
  7 days