SCA board approves regulations for sukuk and corporate bonds.
A specialized international consultancy firm was tasked with drafting the first draft of the two regulations. The draft was published on the SCA website to allow concerned parties to express their views and make the necessary inputs and to attract feedback, later the draft regulations were referred to the Financial Services Consultative Committee, which studied the inputs and the feedback to adopt those appropriate and suitable. Furthermore, a meeting was held with representatives of the UAE Central Bank to discuss their observations before the draft regulations were issued in their final shape.
Al Nisr Publishing LLC 2014. All rights reserved. Provided by Syndigate.info , an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Gulf News (United Arab Emirates)|
|Date:||Apr 27, 2014|
|Previous Article:||Bangladeshi expats celebrate their New Year.|
|Next Article:||Dubai Duty Free extend ties with Shergar Cup.|