The Capital Markets (Coffee Exchange)(Fees) Regulations, 2024
2. Interpretation
2. Interpretation
In these Regulations, unless the context otherwise requires—“broker” has the meaning assigned to it under regulation 2 of the Capital Markets (Coffee Exchange) Regulations;“buyer’’ has the meaning assigned to it under regulation 2 of the Capital Markets (Coffee Exchange) Regulations;“coffee exchange” has the meaning assigned to it under regulation 2 of the Capital Markets (Coffee Exchange) Regulations;“coffee sales proceeds” means monetary consideration received at the direct settlement system in exchange for clean coffee sold at a coffee exchange or, where applicable, through direct sales;“direct settlement system” means a banking facility provided by a commercial bank regulated by the Central Bank of Kenya for the clearing and settlement of coffee proceeds; and“member” means any person who has been admitted as a member of a coffee exchange.Source: Kenya Law