Author Topic: SC launches retail bonds, Sukuk framework for retail investors  (Read 1910 times)

Offline Ļaughing Ģor

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SC launches retail bonds, Sukuk framework for retail investors
« on: October 26, 2012, 05:33:32 PM »
Published: Friday September 7, 2012 MYT 4:20:00 PM The Star

KUALA LUMPUR: Retail investors will have direct access to invest in bonds and sukuk with the launch of the retail bonds and sukuk framework by the Securities Commission.

The SC said on Friday in the introductory phase, retail investors can invest in bonds and sukuk issued or guaranteed by the government. Issuances by these issuers will be subject to their own funding needs and requirements. "In the next phase, retail investors' access to bonds and sukuk will be expanded to include among others, issuances by public listed companies and banks licensed under the Banking and Financial Institutions Act 1989 or Islamic Banking Act 1983. The issuance of the relevant regulations and guidelines for this is targeted for January 2013," the SC said.

The SC said the launch was part of the initiative under the SC's Capital Market Masterplan 2 to allow greater retail participation in the bond and sukuk market.

"The framework enables retail bonds and sukuk to be issued and traded either on the exchange (Bursa Malaysia) or over-the-counter (OTC) via appointed banks," it said.

The SC chairman, Datuk Ranjit Ajit Singh said the retail bonds and sukuk framework "is intended to meet retail investors' demand for access to a wider range of investment products. Issuers will also now have access to a larger pool of investors". He said this phased approach would give retail investors time to gain the necessary understanding and familiarity with investing and trading in bonds and sukuk.

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