Legal Updates - September 2022

Financial Services

Expansion of SRI Sukuk and Bond Grant Scheme

The Securities Commission Malaysia ("SC") announced the expansion of the Sustainable and Responsible Investment ("SRI") Sukuk and Bond Grant Scheme ("Grant") to facilitate sustainable finance.

The Grant, which was originally made applicable to sukuk issued under the SC's SRI Sukuk Framework and bonds issued under the ASEAN Green, Social and Sustainability Bond Standards, have been expanded to include companies issuing sukuk under the SC's Sustainable and Responsible Investment linked ("SRI-linked") Sukuk Framework.

Eligible issuers under the SRI-linked Sukuk Framework will be eligible to apply to offset up to 90% of the external review costs incurred, subject to a maximum of RM300,000 per issuance.