ADVOKS GLOBAL · KENYA
The Capital Markets (Asset-Backed Securities) Regulations
18. Resignation of servicing agent
Edition: 2022-12-31 · In force
18. Resignation of servicing agent
(1)A servicing agent who intends to resign shall give three months notice in writing to the issuer and copy the notice to the Authority, stating such intention and the reasons for resignation.(2)Notwithstanding the notice period stipulated in subparagraph (1), the resignation shall not come into effect until a replacement has been duly appointed by the issuer.