The Capital Markets (Commodity Markets) Regulations

21. Self-regulatory organization

Edition: 2022-12-31 · In force

21. Self-regulatory organization

(1)A Commodity exchange seeking to operate a self-regulatory organization shall, for the purpose of section 18B of the Act, have—

(a)a procedure and appropriate system of exercising self-regulation over its commodity market members;

(b)a code of conduct for its commodity market members;

(c)adequate trading surveillance and compliance capacity; and

(d)a procedure for dispute resolution.

(2)A commodity exchange shall, as a condition for a licence, implement a system of self-regulation with respect to its members and shall ensure the day to day management of trading, clearing, settlement, delivery and all other activities of its members is in accordance with —

(a)the rules of the commodity exchange, and any amendments thereto, approved by the Authority; and

(b)laws, regulations and guidelines relating to spot commodity contracts issued by the Authority.

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Source: Kenya Law