Regulatory Alerts2024-09-01
Regulation No. 2/2022 of 14/04/2022 on Participation in the Central Securities Depository
The Bank of the Republic of Burundi issued Regulation No. 2/2022 to establish the operational framework, access conditions, and participant obligations for its Central Securities Depository (CSD) system. The regulation mandates that all CSD participants must be RTGS participants or appoint a settlement agent, defines eligible financial instruments and securities account structures, and outlines procedures for primary and secondary market operations, order processing, settlement finality, and account management. It further grants the Central Bank authority to manage system risks, enforce compliance through sanctions or suspension, and unilaterally correct accounting errors or close accounts to ensure financial stability.
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