Regulatory Alerts2015-01-01
Capital Markets (Derivatives Markets) Regulations, 2015
These regulations mandate that any entity operating a derivatives exchange or acting as a derivatives broker must be licensed by the Capital Markets Authority. The document establishes strict governance, financial, and operational standards, including net worth requirements, the segregation of client funds, and the implementation of a derivatives clearing house. Additionally, it defines market offences and provides robust enforcement mechanisms, such as inspections and license revocation, to ensure fair, efficient, and transparent derivatives trading.
Capital Markets (Derivatives Markets) Regulations, 2015
[Full text omitted for length; document outlines licensing, operational, and governance requirements for derivatives exchanges and brokers in Kenya, including net-worth thresholds, investor protection fund mandates, and conduct standards.]