Regulatory Alerts2017-04-01
Added · Updated
Regulation No. 16 on Asset Backed Securities
The Capital Market Authority of Rwanda issued Regulation No. 16 to govern the public offer and listing of asset-backed securities within the country. The regulation defines key terms, establishes eligibility criteria for originators and issuers, and mandates strict independence and structural requirements for special purpose vehicles. It further outlines operational obligations including credit enhancement, auditing standards, and restrictions on the voluntary dissolution of issuers until securities are fully redeemed.
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