CmaBylaw
Executive Bylaws
7-22 Of Module Eleven: Dealing in Securities
Section: Chapter Seven: Special Purpose Vehicle Companies
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Sunday, 12 February 2017
In the event that a Special Purpose Vehicle Company is formed for the issue of Sukuk, it may exercise one or more of the following activities: 1. Issue of Sukuk, act as a Trustee or agent or perform all activities related to the issue of Sukuk. 2. Ownership or holding of Sukuk assets or disposal of Sukuk assets on behalf of Sukukholder. 3. Management and use of assets for the purposes for which the Sukuk are issued. 4. Distribution of Sukuk returns and redemption value. 5. Conclusion of contracts with the Originator, Obligor or others taking part in the issue. 6. Other supporting and ancillary activities. 7. Other activities approved by the Authority.
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