ADVOKS GLOBAL · KENYA
The Capital Markets (Asset-Backed Securities) Regulations
22. Liquidity provider
Edition: 2022-12-31 · In force
22. Liquidity provider
(1)A liquidity provider may decline to advance sums to an issuer unless it is certain that such amounts are recoverable and payable in full from the issuer pari passu or in priority to credit enhancers and asset-backed securities holders.(2)A liquidity provider shall not underwrite the credit risk of an issuer or otherwise operate as a credit enhancer unless appointed to act as a credit enhancer.