The Capital Markets Authority Rules

24. Statement of accounts

Edition: 2022-12-31 · In force

24. Statement of accounts

(1)The Investor Compensation Committee shall keep proper accounts and records and in every financial year, prepare a statement of accounts showing the state of affairs, income and expenditure.

(2)The accounts shall include premium paid and any contribution by any person and investments by the Investor Compensation Fund.

(3)The statement of account shall be audited by an auditor who is qualified under section 161 of the Companies Act (Cap. 486) and appointed by the Authority.

(4)The Authority shall include information relative to the Investor Compensation Fund in its annual report to the Cabinet Secretary.

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Source: Kenya Law