Regulatory Alerts2019-07-09
Added · Updated
Instruction No. 37 Bis on the Securities Custody, Settlement and Delivery System Managed by the Central Bank of Congo
The Central Bank of Congo establishes the operational rules for its centralized securities custody, settlement, and delivery system (SCRLT), defining participant statuses as either direct or indirect. The instruction mandates technical and functional testing for affiliation, sets specific timelines for account opening approvals, and outlines procedures for suspending or terminating participation due to non-compliance, insolvency, or security threats. It further details the obligations of participants regarding anti-money laundering compliance, margin calls, and the management of suspended transactions.
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