The Capital Markets (Collective Investments Schemes) Regulations, 2023

9. Additional provisions applicable to the formation documents

Edition: 2023-12-15 · In force

9. Additional provisions applicable to the formation documents

(1)The formation documents shall not include any provision which is unfairly prejudicial to the interests of participants generally or to the holders of any class of participants.

(2)The formation documents may provide that, where the holding of any participatory interests by a participant is or is reasonably considered by the fund manager an infringement of any law or governmental regulation, the participatory interests so held shall be redeemed or cancelled and, if the incorporation documents contain such a provision, it shall also provide the procedure for that redemption or cancellation.

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Source: Kenya Law