KUALA LUMPUR : The Securities Commission Malaysia (SC) will liberalise the nation’s corporate bond and sukuk market by the first quarter of next year to enable greater retail access into the asset class.
SC chairman Tan Sri Ranjit Ajit Singh today said that the secondary market will also be reviewed to facilitate retail access into existing corporate bonds and sukuk that are currently traded in the wholesale market.
“This involves reviewing the primary market issuance processes and disclosure requirements and expanding the range of corporate bonds and sukuks offered to retail investors.
“The Malaysian bond and sukuk market has achieved significant growth over the past two decades to reach RM1.3 trillion in size. Today, it is the third largest market in Asia (relative to the gross domestic product), and the world’s largest sukuk market, and a key source of funding in the capital market,” Ranjit said at the SCxSC Digital Finance Conference 2017 here today.
Meanwhile, Bernama, quoting Ranjit, reported SC is “reviewing regulations to facilitate effective use of digital assets in capital market, including secondary market trading of accepted cryptocurrency, digital assets.”
Source : www.theedgemarkets.com
