On Sep. 30, UKRN SEC introduced regulation on corporate bonds.
UKRN SEC discussed the next steps in development of financial instruments: the Commission has developed a new regulation on the issue of corporate bonds.
Key Points
The regulation on issuing corporate bonds and their circulation, developed by UKRN SEC, introduces several updates to streamline and improve the process for businesses.
The regulation provides a clear definition and comprehensive application of the term.
It introduces improvements for issuing bonds tied to residential construction, with repayment via property transfer and a rules to replace the issuer of corporate bonds.
It introduces new procedures are implemented for bond issue administrators and the process for bond conversion and issuance of convertible bonds is enhanced.
Also, the process for bond conversion and issuance of convertible bonds is enhanced.
The regulation enabled the bond issuer to credit unallocated bonds to the issuer's own account for their further disposal as well as opportunities to issue secured bonds.
