Auction of 91-Day, 182-Day and 364-Day Treasury Bills The Central Bank of Kenya is putting 91-Day, 182-day and 364-Day treasury bills on auction this Thursday 29th July with the value dated set on next Monday 2nd August. The previous average interest rates of the bills were 6.477%, 6.955%, and 7.432%, respectively. What are Treasury Bills Treasury Bills are secure, short-term investments on […]
Auction of new benchmark five-year Government of Mauritius Bonds 2021
According to the issuance plan dated April 22nd, 2021 and under section 5 of the Public Debt Management Act 2008 and section 57 of the Bank of Mauritius Act 2004, the Bank of Mauritius (BoM) is pleased to advertise the issue of a New Benchmark Five-Year Government of Mauritius Bonds. They will mature on May […]
The FSC Issues Special Purpose Funds Rules (2021) For Mauritius
A new set of rules under the Special Purpose Fund (SPF) regime has been released by the Mauritius Financial Services Commission (FSC) to provide further flexibility and ease access to new markets. The Mauritius National Budget which included the modernizing of the existing Special Purpose Fund (SPF) regime to provide further flexibility and ease access […]
SEC Adopts New Framework for Fund of Funds Arrangement 2021
The Securities and Exchange Commission introduced a new rule 12d1-4 under the Investment Company Act of 1940, the “Investment Company Act” and amended rule 12d1-1 and Form N-CEN, for the fund of funds arrangement. A fund of funds (FOF)—also known as a multi-manager investment—is a pooled investment fund that invests in other types of funds. […]
Establishment of the Capital Market Authority in Ethiopia 2020
The National Bank of Ethiopia (NBE) drafted a bill on Capital Market Authority, that is expected to be legislated before the end of 2020. For the past year, a technical committee characterized by members drawn from the central bank, the Ministry of Finance, the Office of the Attorney General and external advisors, has been […]
Uncertificated Securities Market in Hong Kong
The implementation of the uncertificated securities market (USM) proposed operational model conclusions in Hong Kong has been arrived at by the joint consultation between the Securities and Futures Commission, HKEX and the Federation of Share Registrars Limited. The consultation was triggered by market concerns that the operational model proposed would compromise some of the settlement […]