Article 2-1. The main goals, objectives and principles of state regulation in the field of project financing and securitization of the Law on Project Financing and Securitization

Home / RLA / Article 2-1. The main goals, objectives and principles of state regulation in the field of project financing and securitization of the Law on Project Financing and Securitization

1. The main objectives of state regulation in the field of project financing and securitization are to establish the legal framework and conditions for project financing and securitization in the Republic of Kazakhstan, to determine the specifics of the assignment of claims and the legal regime of property in project financing and securitization, the legal status of a special financial company, as well as the legal framework and conditions for syndicated financing.

2. The main objectives of government regulation in the field of project finance and securitization are:

1) determining the procedure for the establishment, operation, reorganization and liquidation of special financial companies;

2) monitoring the activities of special financial companies on issues regulated by the competent authority;

3) ensuring an adequate level of protection of creditors' rights and legitimate interests.

3. The main principles of government regulation in the field of project financing and securitization are:

1) ensuring transparency of the activities of special financial companies;

2) responsibility of special financial companies.

The Law of the Republic of Kazakhstan dated February 20, 2006 No. 126.

This Law establishes the legal basis and conditions for project financing and securitization in the Republic of Kazakhstan, defines the specifics of the assignment of claims and the legal regime of property in project financing and securitization, the legal status of a special financial company, as well as the legal basis and conditions for syndicated financing.

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Republic of Kazakhstan

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