Regulatory Alerts2014-03-10
Primary and Secondary Markets of Government Securities
The Ministry of Finance and the Central Bank of Kosovo jointly issued Regulation No. 01/2014 to establish and govern the operational framework for the primary and secondary markets of government securities. The regulation defines key terms, auction mechanisms (including single-price, multiple-price, and reverse auctions), and the specific roles of primary dealers, primary participants, and investors within the Book Entry System. It mandates standardized bidding procedures, pricing calculations, and settlement processes to ensure transparent issuance, trading, and liquidity management of Treasury Bills and Government Bonds.
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