SC revokes remisier’s licence

The Securities Commission on Thursday listed an extra set of rules for SRI sukuk, in addition to the existing guidelines on all sukuk. SRI sukuk may be used to finance projects that conserve energy, use renewable energy such as wind and solar, build public hospitals, schools or affordable housing, and develop awqaf properties.

KUALA LUMPUR: The Securities Commission (SC) has revoked a remisier’s licence for engaging in “deceitful” or improper business practices involving RM2.5mil.