Regulatory Alerts2020-01-01
Guidance on Transitional Arrangements for Coffee Sector Players Under the Capital Markets (Coffee Exchange) Regulations 2020
The Capital Markets Authority has issued transitional guidance to ensure the orderly licensing and supervision of the Nairobi Coffee Exchange and coffee brokers under the 2020 Capital Markets (Coffee Exchange) Regulations. The Authority grants the Exchange a no-objection to operate while marketing agents secure licenses, maintains existing farmer contracts and bank guarantees, and directs that direct sales reporting and dispute resolution continue through the interim period. These measures accommodate the delayed implementation of the Direct Settlement System and establish an industry committee to address operational gaps until full compliance is achieved by July 2021.
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