ADVOKS GLOBAL · KENYA
Central Depositories Act
31. Issuance of statements of accounts
Edition: 2023-12-11 · In force
31. Issuance of statements of accounts
(1)A central depository shall issue to all depositors statements of account in respect of all book-entry securities held in custody by, or registered in the name of, the central depository or its nominee company for the depositors at such time and in such manner as may be prescribed under this Act.(2)Notwithstanding the provisions of subsection (1), a depositor may, at any time, by written notice, require the central depository to issue to him a statement of account in respect of all or any of the book-entry securities for the time being held in custody by, or registered in the name of, the central depository or its nominee company on behalf of the depositor.(3)A central depository shall, on receipt of a written notice under subsection (2) and upon payment of any charges which may be imposed under the CDS rules, issue to the depositor the statement of account so required.(4)A statement of account issued under this section shall be prima facie evidence of the truth of the matters specified in the statement of account.