Summary of Amendments to the Revised Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors

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Summary of Amendments to the
Revised Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors (Revised: 19 July 2019) The following table provides a summary of amendments made to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors (Guidelines) which were revised on 19 July 2019:
Key amendments to specific paragraphs Prior to 19 July 2019 Revision dated 19 July 2019 Remarks
PART A: GENERAL PART A: GENERAL
Chapter 2: DEFINITIONS Chapter 2: DEFINITIONS
Paragraph 2.01 – Definitions Paragraph 2.01 – Definitions  Inserted definition of “BIX”.  Deleted definition of “platform”.
Chapter 3: RESPONSIBLE PARTY Chapter 3: RESPONSIBLE PARTY
Paragraph 3.06 Paragraph 3.06  Deleted the title “Requirement applicable to issuer, principal adviser and lead arranger”.  Inserted “All Responsible Parties, in particular” at the start of the paragraph.  Inserted “required to be disclosed pursuant to these Guidelines or any other information provided”.
PART C: APPROVAL FOR AN ISSUANCE OF
CORPORATE BONDS AND SUKUK
PART C: APPROVAL FOR ISSUANCE OF
CORPORATE BONDS AND SUKUK

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Key amendments to specific paragraphs Prior to 19 July 2019 Revision dated 19 July 2019 Remarks
Chapter 12: CONTINUOUS DISCLOSURE
OBLIGATIONS
Chapter 12: CONTINOUS DISCLOSURE
OBLIGATIONS
Corporate Bonds or Sukuk Offered Over￾the-Counter Corporate Bonds or Sukuk Offered Over-the￾Counter Paragraph 12.01 Paragraph 12.01  Substituted the term “the platform” with “BIX”. Paragraph 12.02 Paragraph 12.02  Substituted the term “the platform” with “BIX”. Additional continuous disclosure obligations Additional continuous disclosure obligations Paragraph 12.06(a)(i) Paragraph 12.06(a)(i)  Substituted the term “the platform” with “BIX”. No false and misleading statement or material omission

• Paragraph 12.10  Inserted new paragraph to
  provide for requirement to ensure no false and misleading statement or material omission in all information disclosed and announcements made on BIX.
  CHAPTER 13: REVISION TO PRINCIPAL
  TERMS AND CONDITIONS
  CHAPTER 13: REVISION TO PRINCIPAL TERMS
  AND CONDITIONS

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Key amendments to specific paragraphs Prior to 19 July 2019 Revision dated 19 July 2019 Remarks Notification required Notification required Paragraph 13.07(c) Paragraph 13.07(c)  Substituted the term “the platform” with “BIX”. Upsizing of a debt or sukuk programme Upsizing of a debt or sukuk programme Paragraph 13.13(c) Paragraph 13.13(c)  Substituted the term “the platform” with “BIX”.
PART G: REQUIREMENTS FOR ISSUANCE
OF CORPORATE BONDS AND SUKUK
UNDER THE QUALIFIED ISSUER
FRAMEWORK
PART G: REQUIREMENTS FOR ISSUANCE OF
CORPORATE BONDS AND SUKUK UNDER THE QUALIFIED ISSUER FRAMEWORK
Chapter 22: QUALIFIED ISSUER
FRAMEWORK
Chapter 22: QUALIFIED ISSUER FRAMEWORK
Paragraph 22.02(b) Paragraph 22.02(b)  Substituted the term “offered” with “issued” for consistency.