The Capital Markets (Asset-Backed Securities) Regulations

33. Allotment of securities

Edition: 2022-12-31 · In force

33. Allotment of securities

(1)The allotment of securities offered to the public shall be made in strict accordance with the allotment policy disclosed in the information memorandum.

(2)Notwithstanding paragraph (1) where the results of the subscription make such policy impractical, the allotment policy may be amended with the prior written approval of the Authority.

(3)Where the Authority approves amendment under paragraph (2), the issuer shall announce the fact of approval within twenty four hours of the grant of the approval.

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Source: Kenya Law