The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations

33. Records to be up to date

Edition: 2022-12-31 · In force

33. Records to be up to date

(1)A market intermediary shall ensure that its records are updated on a daily basis.

(2)A market intermediary shall establish procedures that facilitate its compliance with its financial resource, client asset and working capital requirements.

(3)Notwithstanding the generality of paragraph (2) a market intermediary shall establish procedures for—

(a)daily reconciliations of funds held in the client accounts;

(b)daily calculations of the working capital and financial resource; and

(c)the maintenance of a record of daily calculations and reconciliations.

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Source: Kenya Law