ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
80. Maintenance of records
Edition: 2023-12-15 · In force
80. Maintenance of records
(1)An intermediary service platform provider shall keep and maintain the necessary records to enable it to comply with these Regulations and to demonstrate at any time that such compliance by it has been achieved including—(a)comprehensive documentation on the design of digital platform, operational processes, and risk management controls;(b)proper audit trails of activities and transactions conducted on the platform, including the processes and outcomes of any client profiling, investment product selection, risk profiling, suitability assessment, product information, disclosure of warning statement, advice provided (if any), and incident reports for all material delays or failures of the platform; and(c)any other records as may be prescribed by the Authority.(2)An intermediary service platform provider shall permit the fund manager or a duly authorised agent of the Authority to inspect its platform and such books, records, or and any other document at any time during business hours.