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

47. Remedial measures and administrative sanctions

Edition: 2022-12-31 · In force

47. Remedial measures and administrative sanctions

(1)Where a market intermediary contravenes any provision of the Act or these Regulations—

(a)the officers of the market intermediary shall be jointly and severally liable to indemnify the market intermediary against any loss arising from the contravention; and

(b)the market intermediary shall be liable to the sanctions or penalties prescribed in the Act.

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Source: Kenya Law