CmaBylaw
Executive Bylaws
11-42 Assignment of Paying Agent Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
Issuer shall assign a Paying Agent, approved by the Authority, in Kuwait to perform the duties thereof until Sukuk redemption. The Authority may decide to replace the Paying Agent with another one if it finds that such action shall preserve the rights of Sukukholders. An Issuer or Obligor may replace the Paying Agent after getting the Authority’s approval.
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