The Capital Markets Authority Rules

13. Deposit of customers' funds

Edition: 2022-12-31 · In force

13. Deposit of customers' funds

Every broker or dealer shall—

(a)deposit customers' funds in one or more bank accounts which account shall contain only those funds;

(b)maintain such accounts in the customer's name or in the name of agent or trustee of such customer; and

(c)maintain a separate record for each account showing the name and address of the bank where the account is maintained, the dates, amounts of deposits and withdrawals and also the exact amount of each customer's beneficial interest in the account.

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Source: Kenya Law