Regulatory Alerts2018-04-13
Added · Updated
Law Regulating the Warehouse Receipt System
Enacted by the Rwandan Parliament and sanctioned by President Paul Kagame, this law establishes a comprehensive legal framework for the warehouse receipt system to standardize commodity storage and financing. It mandates the Capital Market Authority to issue operating licenses, defines negotiable and non-negotiable receipt formats, and outlines strict requirements for commodity reception, storage, delivery, and transfer. The legislation further empowers regulatory inspections, establishes operator liability and collateral rights, and prescribes administrative sanctions and penalties for non-compliance or fraudulent issuance.
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