CmaBylaw
Executive Bylaws
11-75 Trust Document Contents Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
A Trust Document shall contain the following details with the consideration of the applicable laws and regulations: 1. Name of the Issuer in its capacity as the Trustee and declaration of the establishment of the Trust Document. 2. Describe the Sukukholders in their capacity as the interested persons. 3. Description of Sukuk Assets. 4. Trust Document term and termination. 5. Determination of the cases of Trust Document winding up. 6. Trustee’s rights, obligations and powers, and mechanism of the trustee’s authorization of powers to the Delegate or Representative. 7. Further information required by the Authority. The Authority may decide that any Trust Deed is invalid in the event that the trust document does not include the provisions stated in this article.
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