The Capital Markets (Corporate Governance) (Market Intermediaries) Regulations

18. Separation of employees’ duties

Edition: 2022-12-31 · In force

18. Separation of employees’ duties

(1)The management of a market intermediary shall maintain adequate separation of employee duties, particularly between—

(a)those responsible for incurring commitment;

(b)those responsible for making payments; and

(c)those responsible for preparing accounts.

(2)The market intermediary shall maintain such internal controls, functional lines, systems to restrict the flow of information between key departments or other demarcations as may be considered necessary.

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Source: Kenya Law