Regulatory Alerts2020-01-01
Capital Markets (Coffee Exchange) Regulations, 2020 and Capital Markets (Commodity Markets) Regulations, 2020
These regulations establish a comprehensive legal and operational framework for the licensing and governance of coffee exchanges, commodity exchanges, and brokers in Kenya. They institute a mandatory direct settlement system to ensure transparent and expedited payments to growers while setting stringent requirements for licensing, financial auditing, and trade dispute resolution. Furthermore, the regulations prohibit market abuses like bucketing and manipulation, mandating strict segregation of client funds and robust operational safeguards to maintain market integrity and investor protection.
LEGAL NOTICE NO. 40
THE CAPITAL MARKETS ACT (Cap. 485A)
THE CAPITAL MARKETS (COFFEE EXCHANGE) REGULATIONS, 2020
The full text of the Capital Markets (Coffee Exchange) Regulations, 2020 is contained within pages 4 through 40 of the provided document, outlining the definitions, licensing requirements for coffee exchanges and brokers, operational rules for the auction floor, the establishment of the direct settlement system, and various schedules for forms and fees.
LEGAL NOTICE NO. 41
THE CAPITAL MARKETS ACT (Cap. 485A)
THE CAPITAL MARKETS (COMMODITY MARKETS) REGULATIONS, 2020
The full text of the Capital Markets (Commodity Markets) Regulations, 2020 is contained within pages 44 through 76 of the provided document, establishing the regulatory framework for commodity exchanges, clearing houses, and commodity brokers, including licensing procedures, conduct of business, settlement guarantee funds, and penalty structures.