TL STR

active

The Project will work to set up the required legal and institutional foundations for movable asset lending. Specifically, it is envisioned to consist of the following three components: 1. Secured Transactions Legal and Regulatory Reform: Facilitate the draft, approval and advocacy of the law and educate lenders, relevant associations and regulators about the necessity of the reform and the new possibilities provided by movable asset finance. 2. Collateral Registry Development: Support the government counterparts on the development of an appropriate institutional and operational model of the Web-based security interest registration system covering the whole country and promote the use of the registration system. 3. NDTL Regulation and initial market development: Assist BCTL to develop regulatory framework on non-deposit taking lenders (NDTLs), as well as the initial market development.