The Capital Markets (Asset-Backed Securities) Regulations

15. Records to be maintained by servicing agent

Edition: 2022-12-31 · In force

15. Records to be maintained by servicing agent

(1)A servicing agent shall keep such books of account, records and statements in the name of the issuer as may be necessary to give a complete record of—

(a)all receipts and payments in respect to the eligible assets and asset-backed securities;

(b)the portfolio of eligible assets; and

(c)every transaction carried out by the issuer.

(2)A servicing agent shall permit authorized agents of the Authority to inspect such books of account, records and statements at any time during working hours.

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Source: Kenya Law