Capital Markets Act

30Y. Trustee to file a summary of transferred assets

Edition: 2025-12-11 · In force

30Y. Trustee to file a summary of transferred assets

(1)A trustee shall, irrespective of the classification of the issue or offer of asset backed securities, within seven working days of the issue or offer of asset backed securities to a person other than a seller or an originator, or the sale, transfer or assignment of assets to a securitisation trust, file with the Authority—

(a)a summary of the assets transferred which discloses the nature and the number of assets transferred;

(b)details of the consideration for sale, transfer or assignment;

(c)details of the nature of the sale, transfer or assignment; and

(d)such other information as the Authority may prescribe.

(2)A filing made under subsection (1) shall not operate to affect the sale, transfer or assignment of assets.[Act No. 48 of 2013, s. 24.]

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Source: Kenya Law