Regulatory Alerts2025-11-18
Added · Updated
Directive Establishing Rules Governing the Issuance and Trading of Multicurrency Denominated Securities
The Capital Market Authority of Rwanda issued Directive No. 01/2025 to establish a regulatory framework for the issuance and trading of securities denominated in currencies other than the Rwandan Franc. The directive permits eligible issuers, including the Rwandan government, foreign corporations, and multilateral organizations, to offer these instruments exclusively to foreign investors, diaspora residents, and domestic entities with foreign currency revenues. Trading and prudential oversight will be coordinated by the central bank alongside the Capital Market Authority and the Rwanda Stock Exchange, with the rules taking effect immediately upon signature.
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