The Capital Markets (Collective Investment Schemes) Regulations

8. Requirements of incorporation documents

Edition: 2022-12-31 · In force

8. Requirements of incorporation documents

(1)The incorporation documents of a collective investment scheme shall contain the documents specified in the Second Schedule.

(2)Nothing in the incorporation documents may provide that a trustee, custodian, fund manager or board of directors of a collective investment scheme shall be exempt from liability to a holder for breach of trust, fraud or negligence, or be indemnified against such liability by holders or at the holder's expense.

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Source: Kenya Law