ADVOKS GLOBAL · KENYA
The Capital Markets (Coffee Exchange) Regulations
9. Consideration for grant of licence
Edition: 2022-12-31 · In force
9. Consideration for grant of licence
An applicant seeking a licence under regulation 8 shall be required to—(a)be a company limited by shares;(b)have a chief executive officer who is a fit and proper person as described under section 24A of the Act and who has experience of not less than five years in the business of buying, selling or dealing in coffee, commodities or other securities;(c)have the necessary infrastructure including office space, equipment and trained staff to effectively discharge its activities;(d)have as its directors and key personnel, persons who are fit and proper as described under section 24A of the Act; and(e)have a minimum net capital and minimum net worth as determined by the coffee exchange and approved by the Authority from time to time.