Regulatory Alerts2019-12-11
EAC Council Directive on Central Securities Depository
The Council of Ministers of the East African Community has issued this Directive to establish uniform operational standards for Central Securities Depositories across all Partner States. It mandates CSDs to implement robust risk management, settlement finality, asset segregation, and dematerialization frameworks while ensuring transparent disclosure and cross-border linkages. Partner States must enact corresponding national laws within one year to secure a seamless, efficient post-trade infrastructure that facilitates the integrated movement of securities and payments throughout the Common Market.
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