Regulatory Alerts2009-01-01
Local Loans (Government Treasury Securities) (Trading) Regulations 2009
Issued by the Minister of Finance and Development Planning of Lesotho, these regulations establish comprehensive rules for the issuance, auctioning, and trading of government treasury bills and bonds. The Central Bank of Lesotho administers competitive and non-competitive bidding, dictates electronic settlement procedures, and governs secondary market transfers and collateralization. The framework standardizes primary and secondary operations, outlines premature disinvestment and redemption protocols, and repeals the 2008 Treasury Bill Regulations to ensure a well-functioning securities market.
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