Regulatory Alerts2017-04-01
Added · Updated
Capital Market Authority Regulation No. 12 on Institutions Providing Custodial Services
The Capital Market Authority of Rwanda issued Regulation No. 12 to establish licensing guidelines for institutions providing custodial services on the capital market. The regulation defines key terms, specifies that only qualified financial institutions may apply, and details the required documentation, fees, and eligibility criteria for both domestic and foreign applicants. It further outlines the Authority's procedures for reviewing applications, imposing conditions, and refusing licenses based on specific grounds such as criminal history or regulatory violations.
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