The Capital Markets (Asset-Backed Securities) Regulations
20. Appointment of new servicing agent
20. Appointment of new servicing agent
An issuer shall appoint a new servicing agent at least thirty days before the expiry of the term of the outgoing servicing agent and ensure that there is adequate time for the hand-over and transfer of all information within itself in relation to its contractual duties to enable the incoming servicing agent to properly execute their duties.Source: Kenya Law