ADVOKS GLOBAL · KENYA
Capital Markets Act
8. Appointment of chief executive of the Authority
Edition: 2025-12-11 · In force
8. Appointment of chief executive of the Authority
(1)There shall be a Chief Executive of the Authority who shall be appointed by the Cabinet Secretary and who shall, subject to this section, hold office on such terms and conditions of service as may be specified in the instrument of appointment, or otherwise from time to time.(2)No person shall be qualified for appointment under this section unless such person—(a)has at least ten years’ experience at a senior management level in matters relating to law, finance, accounting, economics, banking or insurance; and(b)has expertise in matters relating to money or capital markets or finance.(3)The Cabinet Secretary, in consultation with the Board, shall appoint a person qualified in terms of this section as the chief executive.(4)The chief executive shall hold office for a period of four years but shall be eligible for reappointment for a further term of four years:Provided that no person shall serve as the chief executive for more than two terms.(5)The chief executive shall, subject to the general direction and control of the Authority, be charged with the direction of the affairs and transactions of the Authority, the exercise, discharge and performance of its objectives, functions and duties, and the administration and control of the servants of the Authority.