The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
23. Front running
23. Front running
Where a market intermediary has a client order to execute, or where it intends to publish to clients a price-sensitive recommendation or research or analysis, it shall not knowingly effect an own account transaction in the securities concerned or in any related investment until the order has been executed or until the clients for whom the publication was principally intended have had, or are likely to have had, a reasonable opportunity to react to it.Source: Kenya Law