CmaBylaw
Executive Bylaws
12-40 Of Module Eleven: Dealing in Securities
Section: Chapter Twelve: Bond Regulations
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Tuesday, 14 February 2017
Bonds may be issued by a Special Purpose Vehicle Company with the purpose of entering into securitization process, where Bondholders have recourse on the assets of the Bonds, subject to Securitization and it is potential to enhance the creditworthiness of the Bonds by the Obligor or third party. The provisions of the Trust Document included in Chapter Eleven (Sukuk) of this Module shall apply to Asset-Backed Bonds.
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