The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
2. Interpretation
2. Interpretation
In these Regulations, unless the context otherwise requires—"client bank account" means a bank account established for the purposes of regulation 29;"client funds" means money of any currency that, in the course of carrying on its regulated activity, a market intermediary holds or receives on behalf of a client, or owes a client;"financial year" means the period of twelve months ending on the 31st December in each year;"market intermediary" means a company holding a license issued under Part IV of the Act;"regulated activity" means any activity that is controlled by the Act or any regulations made under the Act.Source: Kenya Law