ADVOKS GLOBAL · KENYA
The Capital Markets (Coffee Exchange) Regulations
6. Systems, staffing and record keeping
Edition: 2022-12-31 · In force
6. Systems, staffing and record keeping
A coffee exchange shall—(a)provide and maintain a transparent and an efficient system for coffee trading;(b)ensure that it has employed qualified staff for the undertaking of its activities;(c)ensure that it has in place proper and adequate infrastructure in terms of office space, equipment and software to enable it undertake its activities;(d)ensure the proper training of its staff in activities related to its activities;(e)accord reasonable access to the auction of all persons licensed under the Crops (Coffee) (General) Regulations (sub. leg) to trade;(f)maintain a data base for records of coffee sales at the auction floor and other related trade activities;(g)comply with the regulatory requirements of the Authority;(h)comply with the directives of the Authority;(i)establish a linkage between the direct settlement system provider and licensed coffee warehouses to facilitate release of coffee to coffee buyers or roasters upon payment;(j)establish a direct link between its systems and software and the Authority; and(k)disseminate market information for every coffee auction and an analysis of performance on a daily, weekly and monthly basis.