ADVOKS GLOBAL · KENYA
The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
28. Clients’ funds
Edition: 2022-12-31 · In force
28. Clients’ funds
(1)A market intermediary shall hold its clients’ funds in trust for and on behalf of the clients on behalf of whom the funds were received or are held according to their respective shares.(2)Clients’ funds shall not form part of the assets of the market intermediary for any purpose and shall not be available in any circumstances for payment of any debt of the market intermediary.