“asset leasing company” has not yet been introduced; however, the CMB recently prepared a draft communiqué on principles regarding lease certificates and asset leasing companies. This draft communiqué stipulates provisions in relation to the issuance, sale and registration of lease certificates, as well as procedures and principles regarding the incorporation and operation of asset leasing companies (namely, companies incorporated by brokerage firms, banks and source institutions solely for the purpose of the issuance of lease certificates). Furthermore, the draft also envisages principles in relation to public disclosure obligations, announcements, independent auditing and the public offering of lease certificates.

As of now, the draft has been released to the public for feedback. The CMB has not given any specific information as to when the draft will be finalised and published in the Official Gazette.