ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
110. The register
Edition: 2023-12-15 · In force
110. The register
(1)A fund manager shall be responsible for establishing and maintaining a register of participants in accordance with these Regulations.(2)The register shall be maintained in a legible form.(3)There shall be entered in the register—(a)the name and address of each participant;(b)the number of participatory interests of each type held by each such participant;(c)the date on which the holder was registered in the register in respect of the participatory interests standing in his or her name;(d)the number of participatory interests of each type for the time being in issue and represented by investment certificates and the numbers of those certificates; and(e)any other information as the fund manager may deem important.(4)The fund manager must take all reasonable steps and exercise all due diligence to ensure that the information contained in the register is at all times complete and up to date.(5)Pursuant to subregulation (4), the fund manager shall, in particular, take such steps as are necessary to obtain and supply information from or concerning any new holder of participatory interests to enable the entry in the register to be made.(6)Nothing in this Part requires the fund manager to make or alter any entry in the register or to issue any certificate or other document or to accept any transfer or conversion in any case where it considers it necessary or appropriate to carry out or complete identification procedures in relation to the participant or another person pursuant to a statutory obligation.