ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
118. Default by participant
Edition: 2023-12-15 · In force
118. Default by participant
Where—(a)the participant of any participatory interests defaults in making any payment in money or a transfer of property due to the fund manager, or trustee under these Regulations, or the incorporation documents, in respect of the creation and issue or the re-issue of participatory interests to that participant; and(b)the fund manager is satisfied that there has been such a default by such evidence furnished to the fund manager as the fund manager shall require,the fund manager may make any necessary deletion or alteration in the register.