Regulatory Alerts2023-01-20
Public Notice: Licensing of Market Players in Line with the Capital Markets (Coffee Exchange) Regulations, 2020
The Capital Markets Authority has granted the Nairobi Coffee Exchange a three-month extension until April 30, 2023, to achieve full regulatory compliance, including the implementation of a Direct Settlement System. Eligible marketing agents currently lacking coffee brokerage licenses are provided a three-month window to apply for licensing to ensure continued trading access. All market participants must secure these licenses by the April 30, 2023 deadline or forfeit their ability to trade on the Nairobi Coffee Exchange, while current bank guarantees will remain effective during this transition.
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