Regulatory Alerts2010-02-01 | 10/01-51Regulation on the Issue, Circulation, Registration and Redemption of Treasury Bills and Treasury Notes Issued by the Ministry of Finance of Georgia
The National Bank of Georgia and the Ministry of Finance of Georgia jointly regulate the issuance, circulation, registration, and redemption of Treasury Bills and Treasury Notes. The framework mandates that these securities be issued in dematerialized form via auctions conducted by the National Bank, with specific rules governing competitive and non-competitive bidding. It further establishes the operational procedures for settlement, the maintenance of electronic registries, and the financial responsibilities of commercial banks and the Ministry of Finance throughout the lifecycle of the government securities.
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