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

29. Periodical review of internal controls

Edition: 2022-12-31 · In force

29. Periodical review of internal controls

(1)The management of a market intermediary shall be accountable to the board for monitoring the system of internal controls and reporting on such monitoring activities.

(2)The board shall periodically review and enquire, based on the information and assurances provided to it by management of a market intermediary, to determine the effectiveness of internal controls established by the management of a market intermediary.

(3)The board shall document the results and conclusions of its periodic reviews and actions taken thereon.

← Previous provision Next provision →

Source: Kenya Law