ADVOKS GLOBAL · KENYA
The Capital Markets (Commodity Markets) Regulations
51. Additional contributions or deposits
Edition: 2022-12-31 · In force
51. Additional contributions or deposits
(1)Where a pro-rata charge has been made against a member's actual contribution or deposit, and as a consequence, the member's remaining contribution or deposit towards the settlement guarantee fund falls below his required contribution or deposit, the member shall contribute or deposit towards the shortfall in the settlement guarantee fund within such time as the commodity exchange may specify.(2)Where any member who is required to contribute or deposit to the Fund fails to do so, the commodities exchange may charge such rate of interest on the shortfall, as it may determine, in addition to any administrative action, including imposing fines and penalties against the member.