Regulatory Alerts2024-12-01
Regulation No. 004-2024 on Operations on Securities Issued by the Banque de la Republique du Burundi
The Banque de la Republique du Burundi (BRB) issued Regulation No. 004-2024 to establish the legal framework for operations on its securities, including Treasury Bills and Bonds, to manage liquidity within its monetary and exchange rate policy. The regulation defines eligible participants, access conditions via the Central Securities Depository (CSD) and RTGS systems, and detailed procedures for issuance, bidding, and adjudication. It further specifies the calculation of interest and prices, settlement mechanisms using Delivery versus Payment (DvP), and the processes for coupon payments, maturity repayment, and potential buybacks.
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