Regulatory Alerts2002-01-01
Capital Markets (Licensing Requirements) (General) Regulations, 2002
These regulations establish a comprehensive framework for the licensing, operations, and conduct of securities exchanges, stockbrokers, dealers, investment advisers, fund managers, and investment banks in Kenya. The document mandates strict financial requirements, reporting obligations, record-keeping standards, and ethical conduct for all market intermediaries, including procedures for appointing custodians and managing client assets. Additionally, it outlines the governance of the Investor Compensation Fund and specifies rules for transactions outside securities exchanges, disclosure requirements, and enforcement actions against non-compliant professionals or entities.
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