Regulatory Alerts2019-06-27
Central Securities Depository Act of Liberia, 2016
Enacted by the Liberian Legislature, this legislation establishes and regulates a Central Securities Depository to centralize the handling, immobilization, and dematerialization of securities. The Act empowers the Securities and Exchange Commission to license, supervise, and enforce compliance with operational rules while mandating the CSD to maintain accurate records, manage default processes, and operate a settlement guarantee fund. It outlines comprehensive provisions for securities accounts, book-entry transactions, secrecy obligations, and penalties to ensure market efficiency, legal certainty, and robust investor protection within Liberia’s capital markets.
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