Lawyers in Malaysia have called for further guidance from
the Malaysian Securities Commission (SC) on its new sukuk rules
to address market confusion over their application.
The SC last month published revisions to guidelines governing
private debt securities, sukuk and the minimum content for
trust deed in relation to such instruments.
The amendments aimed to add greater depth to Malaysias
sukuk market by streamlining the approval process and
time-to-market for issuances of the instrument, as well as
improving the disclosure standard and protection for corporate
bond and sukuk holders.
But the new rules, which came into effect last...