Regulatory Alerts2013-01-01
THE CENTRAL DEPOSITORIES ACT No 4 of 2000 - Amended 2013
This Act mandates the establishment, operation, and regulation of central depositories in Kenya to facilitate the immobilisation and dematerialisation of securities. It empowers the Capital Markets Authority to license and supervise these entities, set operational standards, enforce compliance, and manage emergency market conditions. Additionally, the Act establishes rigorous protocols for securities accounts, record-keeping, audit requirements, and the creation of a settlement guarantee fund to ensure market integrity.
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