Oman’s Capital Market Authority Seeks Public Consultation for Draft Regulation on Sukuk and Bonds Issuance
July 13, 2021
In a statement issued on the 11th of July 2021, Oman’s Capital Market Authority (CMA) has invited industry stakeholders to provide comments, observations and input on the draft Sukuk and Bonds Regulation posted on the CMA’s website.
Why it Matters?
The objective of the draft regulation is to regulate the issuance of Sukuk and bonds by adding a set of detailed clauses prepared by the CMA for more resilience to ease the processes of issuing debt as financing instruments. The draft regulation is a response to the legislative developments in the capital market following the issuance of the Commercial Companies Law in 2019 and the Regulation for Public Joint Stock companies earlier in 2021 to boost the ability of the legislating regime to hand...