2 October, 2018
On 19 September 2018, the Securities Commission Malaysia issued the following documents which will effect changes to the existing framework for the bond and sukuk market from 11 October 2018:
- New Guidelines on Seasoned Corporate Bonds and Sukuk, with FAQs and Illustrations;
- Amendments to the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors[
- Amendments to the Guidelines on Sales Practices of Unlisted Capital Market Products;
- Changes to Division 2 of the Prospectus Guidelines.
The changes are to facilitate greater retail access to the ringgit corporate bond and sukuk market.
They include reduced disclosures from qualified issuers, availability of additional types of corporate bonds and sukuk to retail investors, a new seasoning framework, application of the sales practices to distributors of corporate bonds and sukuk in the over-the-counter market.
For further information, please contact:
Cheryl Liew Xin Yi, Shearn Delamore & Co
cheryl.liew@shearndelamore.com
