ICM Series: Regulatory Requirements And Legal Documentation In ICM

Past Programmes

08
Aug 2019

8:30 am - 5:00 pm

Securities Commission Malaysia

Claimable
10 CPE

MYR 750 *Fee is not inclusive of 6% SST

ICM Series: Regulatory Requirements And
Legal Documentation In ICM

 

The main body that determines the eligibility of any stock, index and/or any investable product as Shariah-compliant is the Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC). The SC has established the SAC under Section 316A of the Capital Markets Services Act 2007 (it was previously established under the Securities Commission Act 1993), to maintain and enhance regulations of the Islamic capital market.

Programme Objective

This programme is designed to examine the legal and regulatory framework of ICM, structures and functions of the regulatory authorities, requirements for the operations and documentation of ICM products.

Topics Covered

  1. Overview of Legal Framework for Islamic Finance in Malaysia
  2. Legal and Regulatory Framework  for Islamic Capital Market
  3. Legislation on Islamic Finance and Capital Market
  4. Guidelines on Islamic Capital Market
  5. Legal Documentation – General Considerations
  6. Documentation
  7. Dispute Resolution – Framework and Issues
  8. Court Cases & Discussion

Learning Outcomes

By the end of this programme, participants will be able to:

  1. describe the legal and regulatory framework governing the Islamic capital market;
  2. explain the guidelines applicable to the Islamic capital market products and instruments;
  3. recognize the legal documentation peculiar to Sukuk; and
  4. identify the dispute resolution issues and its framework.

Competencies

Foundational (Regulatory Knowledge) – Islamic Capital Market Regulations

Target Audience

Individual 

Experienced and new professionals or industry practitioners in the capital market, ICM and academia.

Institutions 

Asset management companies, advisory firms, legal firms, accounting firms,  stockbroking firms, investment banks, insurance companies, public listed companies and SMEs.

Day 1

8.30 am Registration
9.00 am Overview Of Legal Framework  For Islamic Finance In Malaysia

  • Introduction of Malaysia’s Capital Market Master Plan
  • Malaysia International Islamic Financial Centre (MIFC)


Legal and Regulatory Framework  For Islamic Capital Market

  • Definition of regulatory framework
  • Regulatory framework and investor protection
  • Regulatory structure of Islamic capital market in Malaysia
  • Regulatory authorities in Islamic capital market
  • Institutional framework of Islamic capital market in Malaysia
  • Public & private regulatory institutions

 

10.30 am Refreshments
11.00 am Legislation on Islamic Finance and Capital Market

  • Capital Market Services Act 2007
  • Securities Commission Act 1993
  • Islamic Financial Services Act (IFSA) 2013
  • Financial Services Act (FSA) 2013
  • Securities (Central Depositories) Act 1991
  • Labuan Islamic Financial Services and Securities Act 2010
  • Development Financial Institution Act 2002

Guidelines on Islamic Capital Market

  • Guidelines on Islamic Fund Management
  • Guidelines for Islamic Real Estate Investment Trusts (iREITs)
  • Guidelines on the Offering of Islamic Securities
  • Guidelines on Unit Trust Funds
  • Guidelines on the Offering of Structured Products
  • Guidelines on the Offering of Asset Backed Securities
12.30 pm Lunch Break
2.00 pm Legal Documentation – General Considerations

  • Shariah Principles
  • Tax Incentives


Legal Documentation for Sukuk

  • The importance of contract documentation
  • General features of Sukuk documentations
  • Issuance and Shariah transaction documentation
  • Challenges in legal documentation of Sukuk
  • The main concerns in Sukuk documentation
  • Shariah and legal compliance
3.30 pm Refreshments
3.45 pm Documentation perculiar to:

  • Sukuk Ijarah
  • Sukuk Mudharabah
  • Sukuk Murabahah
  • Sukuk Istisna’
  • Sukuk Wakalah
  • Others


Dispute Resolution – Framework And Issues

  • The Legal Framework
  • Litigation
  • English Courts
  • Arbitration


Court Cases & Discussion

  • Investment Dar Company K.S.C.C. v Blom Development Bank S.A.L. (2009)
  • Lim Kok Ho vs Bank Islam (2010)
  • Tan Sri Khalid Ibrahim vs Bank Islam (2012)
5.00 pm End of Session

Recommended for you

Training
Capital Market Director Program
03
Mar 2020
Training
Capital Market Director Program
Training
Innovation
05
Feb 2020
Claimable
10 CPE
Blockchain Applications in Capital Markets
5 February 2020

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Innovation
Claimable
10 CPE
05
Feb 2020
Blockchain Applications in Capital Markets

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail
Training
Behavioural
12
Feb 2020
Claimable
10 CPE
Developing a Positive Mindset: The Key to Work Life Balance
12 February 2020

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Behavioural
Claimable
10 CPE
12
Feb 2020
Developing a Positive Mindset: The Key to Work Life Balance

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail
SIDC – Delivering Professional Excellence