ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
136. Attendance and voting at meetings
Edition: 2023-12-15 · In force
136. Attendance and voting at meetings
(1)The fund manager shall be entitled to receive notice of and attend any general meeting but shall not be entitled to vote or be counted in the quorum for the meeting and accordingly, for the purposes of this part, the participatory interests held or deemed to be held by the fund manager shall not be regarded as being in issue.(2)Subregulation (1) does not apply in respect of any participatory interests which the fund manager holds on behalf of or jointly with a person who, if himself or herself the sole registered participant, would be entitled to vote, and from whom the fund manager has received voting instructions.(3)Any associate of the fund manager shall not be entitled to vote at any such meeting except in respect of participatory interests which he or she holds on behalf or jointly with a person who, if that person is the registered holder, would be entitled to vote, and from whom the associate has received voting instructions.(4)The trustee shall be entitled to attend every such meeting.