CmaBylaw
Executive Bylaws
5-16 Additional Provisions for a Prospectus for Sukuk Of Module Eleven: Dealing in Securities
Section: Chapter Five: Securities Subscription
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Sunday, 12 February 2017
Sukuk Prospectus shall provide the following information of the Sukuk Assets: 1. Type and date of valuating the Sukuk Assets. 2. Description of the returns of the Sukuk Assets. 3. Location of the Assets and applicable law to related receivables. 4. Amount, value and maturity of receivables. 5. Ratio of receivables of SukukAssets upon incorporation, in the event that receivables are based on or backed by such Assets. 6. Standards for choosing Assets and details of replacement procedures. 7. Reference to any material representations submitted by the Issuer regarding Assets and receivables. 8. Origination of related Assets, investments or receivables. 9. Summary of the main conditions of insurance policies of the Asset-Backed Sukuk. 10. Obligors’ specifications and further details required by the Authority. 11. Description of the material risks related to SukukAssets and details of methods of risk treatment and mitigation. 12. Description of sale, transfer or waiver of SukukAssets or their relevant rights to the Issuer and statement of date thereof.
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