The Capital Markets (Collective Investment Schemes) Regulations
115. Certificate of entitlement to holders
115. Certificate of entitlement to holders
The trustees shall issue to every employee entitled to the units under the ESOP a certificate of entitlement representing the number of units owned by the employee in the ESOP Unit Trust within thirty days of receiving the company's certificate of entitlement against which such units were issued and maintain a register of all unit holders.Source: Kenya Law