Regulatory Alerts2006-01-01
Minister of Investment Decision No. (139) of 2006
The Minister of Investment issued Decision No. 139 of 2006 to amend specific provisions of Chapter Ten of the Executive Regulations of the Capital Market Law No. 95 of 1992. The decision replaces Articles 301, 302, 303, 304, 306, 310, and 315 to establish stricter licensing requirements, ownership restrictions, disclosure mandates, and custodial obligations for securitization companies and their bonds. It further mandates detailed prospectus disclosures, credit rating thresholds, cash flow validations, and explicit procedures for fund utilization, assignment effectiveness, and custodian liability to protect bondholders and ensure market transparency.
Share