ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
44. Special provisions relating to investment companies
Edition: 2022-12-31 · In force
44. Special provisions relating to investment companies
(1)Every collective investment scheme incorporated as an investment company shall list on an approved securities exchange within six months of a period of expiry of two years after the date of registration of the collective investment scheme.(2)The minimum amount to be raised for a collective investment scheme set up as an investment company shall be twenty five million shillings.(3)The investment company with the express approval of the Authority shall offer its securities for sale.(4)The investment company will be registered as a collective investment scheme upon providing proof that it has raised the minimum amount of twenty-five million shillings.(5)In the event that the minimum amount of twenty-five million shillings is not raised then the investment company shall refund the monies received as subscriptions to the subscribers.