ADVOKS GLOBAL · KENYA
The Capital Markets (Alternative Investment Funds) Regulations
33. Transition
Edition: 2023-12-15 · In force
33. Transition
(1)An existing fund falling within the definition of alternative investment fund which is not approved by the Authority may continue to operate for a period of one year from commencement of these Regulations or if it has made an application for approval under this Regulation within the said period of one year, till the determination of such application.(2)Any entity referred to in subregulation (1) which fails to make an application for approval under these Regulations within one year from the commencement of these regulations shall cease to carry on any activity as an alternative investment fund failure to which, will constitute an offence.