Regulatory Alerts2026-01-21
Added · Updated
Regulations on the Licensing of Central Securities Depository Operators and Authorisation of CSD Participants
The Capital Market Authority of Rwanda has issued Regulations No. 001/CMA/2026 to establish comprehensive licensing and authorisation frameworks for central securities depository (CSD) operators and participants. The regulations mandate strict eligibility criteria, including minimum capital deposits of FRW 500 million and liquid capital of FRW 400 million, fit-and-proper senior management, robust IT infrastructure, and detailed business plans for all applicants. Furthermore, the rules outline application procedures, fee structures, licence validity, and the Authority’s powers to suspend, modify, or revoke licences while safeguarding securities holders through transparent oversight and appeal mechanisms.
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