ADVOKS GLOBAL · KENYA
The Capital Markets (Asset-Backed Securities) Regulations
5. Purchase of asset-backed securities by originator
Edition: 2022-12-31 · In force
5. Purchase of asset-backed securities by originator
(1)An originator may, subject to regulation 37, purchase no more than the cumulative sum of ten percent at any time of the total value of any asset-backed securities issued pursuant to a transfer of its own assets to the Issuer unless otherwise permitted by the Authority.(2)The restriction in paragraph (1) shall not apply to the holding of subordinated securities by the originator.