The Capital Markets (Collective Investments Schemes) Regulations, 2023

26. Restriction of business

Edition: 2023-12-15 · In force

26. Restriction of business

(1)The Authority may prohibit an approved collective investment scheme from—

(a)entering into transactions of any specified kind, or entering into those transactions except in specified circumstances or to a specified extent;

(b)soliciting business from persons of a specified kind or otherwise; or

(c)carrying on business in a specified manner or otherwise than in a specified manner.

(2)A prohibition under this regulation may relate to transactions entered in connection with or for the purposes of a collective investment scheme or to other business carried on in connection with or for the purposes of such a scheme.

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Source: Kenya Law