Central Depositories Act

5D. Central depository to prepare and submit report

Edition: 2023-12-11 · In force

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5D. Central depository to prepare and submit report

(1)A central depository shall, upon completion of default measures, prepare a report containing the—

(a)action taken against the defaulter; and

(b)net sum, if any, certified by the central depository to be payable by or to the defaulter.

(2)A central depository shall submit a report made under subsection (1) to the—

(a)Authority;

(b)any relevant securities exchange; and

(c)defaulter to whom the report relates.

(3)The Authority may publish, in such manner as it may consider appropriate,the contents of a report received under subsection (2) for the attention of creditors.

(4)Upon receiving a report made under subsection (2) the defaulter shall, at the request of any creditor—

(a)avail the report to the creditor for inspection within two days from the receipt of such request; or

(b)supply to the creditor, on payment of a prescribed fee, all or any part of the report as requested.

[Act No. 38 of 2011, s. 7.]

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Source: Kenya Law