Regulatory Alerts2025-01-01
Regulatory Impact Statement on the Central Depositories (Regulation of Central Depositories) (Amendment) Rules 2025
The proposed amendment introduces a transaction-based levy of Ksh. 150 per transaction to finance essential infrastructure upgrades for the Central Depository and Settlement Corporation (CDSC), subject to a minimum annual charge of Ksh. 50,000 and a cap of Ksh. 5,000,000. This adjustment addresses significant cost increases incurred over the past 21 years while ensuring the depository maintains operational resilience and aligns with international technological standards. The costs will be borne by capital markets issuers rather than individual investors to preserve market accessibility and ensure long-term system stability.
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