ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
10. Application for approval
Edition: 2023-12-15 · In force
10. Application for approval
(1)An application for approval of a collective investment scheme shall be made to the Authority in the manner set out in Form I as set out in the First Schedule and by a licensed person who shall be a fund manager or investment bank accompanied by the following—(a)the scheme’s formation documents prescribed in the Second Schedule;(b)the information memorandum;(c)the name of the fund manager, particulars of the directors of the fund manager or investment company as specified in subregulation (2);(d)the corporate name and registered principal office of the fund manager, trustee, where applicable, and custodian of the scheme;(e)a risk management policy as set out in the Fifth Schedule; and(f)such additional information as may be required by the Authority.(2)The particulars of the directors are—(a)in the case of an individual, their present name, any former name, usual residential address, nationality, business occupation if any, particulars of any other directorships held by the individual or which have been held by that individual and date of birth; and(b)in the case of a company, its corporate name and the address of its registered or principal office and the directors of such companies.(3)At any time after receiving an application and before determining it, the Authority may require the applicant to furnish additional information.(4)Any information to be furnished to the Authority under this regulation shall, if it is so required, be in such form or verified in such manner as the Authority may specify.