Coffee Act

74. Licencing and functions of an Exchange

Edition: 2026-03-27 · In force

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74. Licencing and functions of an Exchange

(1)The Capital Market Authority shall licence an exchange for the purposes of trading coffee.

(2)An exchange shall—

(a)manage its auction floor, the central sample room, the information registry and the direct settlement system;

(b)maintain records relating to coffee sales, coffee samples and sweepings;

(c)vail sales catalogues to interested parties in accordance with the Capital Markets Act (Cap. 485A);

(d)disseminate market information for every auction and an analysis of performance on, weekly and monthly basis; and

(e)carry out such other function as the Cabinet Secretary for trade may prescribe.

(3)The proceeds of the sale of coffee at an exchange shall be deposited in a central settlement system established in accordance with this Act and paid to a grower’s account within 14 days.

(4)For the purposes of subsection (3) a grower means a cooperative society or an estate.

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Source: Kenya Law