JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) issued Regulation Number I-S for Asset Backed Securities Registration Form Mail Participation Sharia (EBAS-SP) in order to encourage the development of Islamic investment products in the capital market, said the President Director Tito Sulistio.
He noted, some substance of the Regulation No. I-S, among others EBAS-SP are published by the contract and portfolios in the form of collection of receivables or financing home ownership which are not contrary to Islamic principles in the capital market as well as a proof of ownership proportionately shared by a group of shareholders EBAS -sP as stipulated in Article 1 paragraph 3 of the Regulation of Financial Services Authority No. 20/POJK.04/2015 concerning the Issuance of Asset-Backed Securities and Sharia requirement.
Then, he added, EBAS-SP to be listed on IDX is EBAS-SP offered through Public Offering. And, the petition filed by the Issuer preliminary agreement.
Meanwhile, for the listing requirements of EBAS-SP, the registration statement filed with the Financial Services Authority has become effective. Had officials acting on behalf of the issuer, as a liaison with the Exchange and the community.
Then, have a publishing agreement EBAS-SP. Had the rating on EBAS-SP are included in the criteria for the four top ranks of the securities rating company received an operating license from the Financial Services Authority.
Then, have a declaration of conformity in order to issue sharia EBAS-SP. KSEI has a contract with the registration of EBAS-SP in a collective custody in KSEI.
Additionally, willing to meet exchange rules, legislations in the Capital Market and Sharia Principles in Capital Market. Pay a registration fee of Rp15 million. And, EBAS-SP recording procedures together with procedures for recording stock or other securities.