ADVOKS GLOBAL · KENYA
The Capital Markets (Commodity Markets) Regulations
60. Obligations of a commodity broker in respect of inspections
Edition: 2022-12-31 · In force
60. Obligations of a commodity broker in respect of inspections
(1)An inspecting officer may require a shareholder, director, officer or an employee of a commodity exchange, commodity broker or clearing house under inspection to produce such books, accounts and other documents in his custody or control and furnish the inspecting officer with the statements and information relating to the transactions in a commodity exchange within such time as the inspecting officer may require.(2)A commodity exchange, commodity broker or clearing house shall—(a)allow the inspecting officer reasonable access to its premises;(b)extend reasonable facilities to the inspecting officer to examine any books, records, documents and computer data in its possession;(c)provide copies of documents or other materials which, in the opinion of the inspecting officer, are relevant.(3)An inspecting officer shall, during inspection, be entitled to examine or record statements of any shareholder, director, partner, proprietor or employee of a commodity exchange, commodity broker or clearing house under inspection.(4)A director, an officer or an employee of the commodity exchange. Commodity broker or clearing house under investigation shall give to the inspecting officer all assistance in connection with the inspection as it may reasonably be expected to give.