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

35. Third party records

Edition: 2022-12-31 · In force

35. Third party records

Where the market intermediary contracts with a third party to undertake any functions on its behalf, it shall maintain appropriate records, including—

(a)the contract specifying the services to be provided;

(b)details of the third party including its legal status, verification documents and all documentation necessary to establish its financial viability; and

(c)details of the qualifications and experience of the employees to be engaged on the business of the market intermediary:

Provided that any delegation of a function shall not discharge the market intermediary from any responsibility for the proper execution of the delegated function.

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Source: Kenya Law