ADVOKS GLOBAL · KENYA
The Capital Markets (Alternative Investment Funds) Regulations
6. Approval to operate a fund
Edition: 2023-12-15 · In force
6. Approval to operate a fund
(1)The Authority shall grant approval to operate an alternative investment fund where the fund manager and the fund fulfil the requirements as specified in these Regulations and any other requirement specified by the Authority.(2)The approval may be granted with such conditions as may be deemed appropriate by the Authority.(3)A fund manager may after submitting an application for approval accept commitments from participants but shall not accept any monies until it is granted approval under subregulation (1) of this Regulation.(4)The approval shall be valid unless its revoked as per these regulations.