ADVOKS GLOBAL · KENYA
The Capital Markets (Commodity Markets) Regulations
7. Grant of licence
Edition: 2022-12-31 · In force
7. Grant of licence
(1)The Authority shall, if satisfied that the applicant has met all the requirements for licensing as a commodities exchange and upon payment of the licensing fees set out in the Second Schedule, grant the applicant a licence to operate as a commodity exchange.(2)A licence granted shall remain valid unless suspended or revoked by the Authority as specified in regulation 8.(3)A commodity exchange shall pay an application fee and an annual regulatory fee as set out in the Second Schedule or as may be imposed by the Authority from time to time.