ADVOKS GLOBAL · KENYA
The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
8. Charges
Edition: 2022-12-31 · In force
8. Charges
(1)A market intermediary shall charge it’s fees according to it’s agreement with the client, or in the manner prescribed by the Authority.(2)A market intermediary shall, before providing the service of a regulated activity to a client, disclose to the client the basis for and its charges for the provision of the services and the nature and amount of any other remuneration payable by the client.(3)A market intermediary shall provide a statement of fees or charges to a client, for each transaction or monthly for a client on whose behalf many transactions are undertaken.(4)A market intermediary shall not take any fees or charges from any client’s funds or liquidate client’s securities for the purpose of recovering its fees or charges unless it is in accordance with the client agreement or in the manner prescribed by the Authority.