Regulatory Alerts2012-01-01
Capital Markets (Asset Backed Securities) Regulations, 2012
The Capital Markets Authority of Uganda has enacted the 2012 Asset Backed Securities Regulations to establish a comprehensive framework for public offerings of asset-backed securities. The rules mandate single-purpose issuer entities, define fiduciary duties for sponsors, trustees, and servicing agents, and require strict asset pool segregation alongside independent credit ratings. Issuers must obtain prior Authority approval for structural changes, maintain continuous disclosure and periodic financial reporting, and adhere to prescribed listing, suspension, and fee schedules to safeguard investor interests.
Share