Regulatory Alerts2025-02-01
Regulation No. 2/2022 Governing Participation in the Central Securities Depository
The Central Bank of Burundi issued Regulation No. 2/2022 to establish the operational framework, eligibility criteria, and governance rules for entities participating in the national Central Securities Depository (CSD). The regulation mandates that licensed financial institutions and designated settlement agents maintain dedicated securities accounts linked to the Real-Time Gross Settlement (RTGS) system, while standardizing the issuance, trading, and settlement of government bonds, corporate securities, and commercial paper. It further defines strict procedures for order execution, irrevocable settlement finality, account management, fee allocation, and disciplinary sanctions to ensure system security, interoperability, and compliance with national financial market laws.