Regulatory Alerts2023-01-01
The Capital Markets (Licensing Requirements) (General) (Amendment) Regulations 2023
These regulations amend the Capital Markets (Licensing Requirements) (General) Regulations 2022 to adjust specific financial thresholds. Regulation 70 is modified to replace the word 'fifty' with 'two hundred' to adjust capital or related requirements. Additionally, the second schedule is updated in Part III to replace the expression '50 million' with '60 million'.
LEGAL NOTICE NO. 158
THE CAPITAL MARKETS ACT
(Cap. 485A.)
IN EXERCISE of the powers conferred by section 12 (1) of the Capital Market Act, the Cabinet Secretary for the National Treasury and Economic planning makes the following Regulations—
THE CAPITAL MARKETS (LICENCING REQUIREMENTS) (GENERAL) (AMENDMENT) REGULATIONS, 2023
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These Regulations may be cited as the Capital Markets (Licencing requirements) (General) (Amendment) Regulations, 2023. Citation.
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Regulation 70 of the Capital Markets (Licencing requirements) (General) Regulations, 2022, hereinafter referred to as the "principal Regulations", is amended in paragraph (1) by deleting the word "fifty" and substituting therefor the words "two hundred". L.N. 125/2002
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The second Schedule to the principal Regulations is amend in Part III by deleting the expression "50 million" appearing in paragraph (e) and substituting therefor the expression "60 million".
Dated the 25th September, 2023.
NJUGUNA NDUNG'U, Cabinet Secretary for the National Treasury and Economic Planning.