Regulatory Alerts2023-01-01
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) (Amendment) Regulations, 2023 and The Capital Markets (Online Foreign Exchange Trading) (Amendment) Regulations, 2023
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) (Amendment) Regulations, 2023 reduces the minimum subscription requirement for REIT offer parcels to one hundred thousand shillings. The Capital Markets (Online Foreign Exchange Trading) (Amendment) Regulations, 2023 mandates that online forex brokers pay an annual fee to the Authority calculated at 3% of their gross trading revenue. This gross revenue metric for the annual fee is defined to include all commissions and rebates received from third-party related service providers.
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