ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
10. Grant of licence
Edition: 2025-02-14 · In force
10. Grant of licence
(1)The Authority may, after the expiry of the period for which the provisional licence had been granted under regulation 8 and if the Authority is satisfied that the applicant has complied with regulations 4, 5, 6, 7 and any other relevant requirements under the Act, grant a licence to the applicant to operate a derivatives exchange.(2)A derivatives exchange shall comply with such other conditions as the Authority may impose from time to time, including conditions with regard to—(a)the nature of derivatives contracts to be dealt with by that derivatives exchange; and(b)approval by the Authority of all derivatives contracts to be listed by that derivatives exchange.