Regulatory Alerts2016-01-01
Capital Markets (Nairobi Securities Exchange Limited Shareholding) Regulations 2016
These regulations impose strict caps on shareholding in the Nairobi Securities Exchange, limiting individuals or private companies to five percent, public companies to ten percent, and trading participants to a cumulative forty percent. The Authority retains the power to waive these restrictions if satisfied that the applicant is fit and proper and the waiver serves the public interest. Any existing shareholders exceeding these limits must achieve compliance or secure an approved exemption within a period of six months.
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