ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
3. Application
Edition: 2023-12-15 · In force
3. Application
(1)These Regulations apply to collective investment schemes constituted in Kenya which pools funds either from the public or by private arrangement.(2)A closed end fund, including an investment company with fixed capital whose participating interests are offered to members of the public shall be listed on a securities exchange.(3)Where any arrangement provides for pooling of funds in relation to separate parts of the property in question, the arrangements shall not be regarded as constituting a single collective investment scheme unless the participants are entitled to exchange rights in one part for rights in another.