Article 3. Requirements for the originator Chapter 2. The ORIGINATOR AND the SPECIAL FINANCIAL COMPANY of the Law on Project Financing and Securitization

Home / RLA / Article 3. Requirements for the originator Chapter 2. The ORIGINATOR AND the SPECIAL FINANCIAL COMPANY of the Law on Project Financing and Securitization

1. The originator is a legal entity, the founders (the sole founder) of which have fully paid the amount of the authorized capital or fully paid for the shares of the originator acquired by them in accordance with the founding agreement.

2. The originator has the right to simultaneously participate in the implementation of several securitization transactions.

3. The originator must have an audit report for the last financial year.

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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