ADVOKS GLOBAL · KENYA
Prevention of Fraud (Investments) Act
18. Authorization of stock exchanges
Edition: 2023-12-11 · Not commenced
18. Authorization of stock exchanges
(1)The Minister may, by order, declare any body or association of persons carrying on the business of dealing in securities to be a recognized stock exchange or a recognized association of dealers in securities for the purposes of this Act.(2)Any order under this section may be varied or revoked by a subsequent order of the Minister, but an order by virtue of which any body ceases to be a recognized stock exchange or a recognized association of dealers in securitiesshall not take effect until the expiration of the period of three months beginning with the date of publication of such order.(3)It shall be the duty of every body or association recognized under this section to furnish to the Minister whenever he may so require, with respect to any specified member of such body or association, a list of the persons who are for the time being authorized by that member to deal in securities on his behalf.