The Capital Markets (Derivatives Markets) Regulations

21. Composition of the board

Edition: 2025-02-14 · In force

21. Composition of the board

(1)The board of a derivatives exchange shall comprise of—

(a)shareholder directors;

(b)at least one third public interest directors; and

(c)a chief executive officer:

Provided that the chief executive officer of a derivatives exchange shall not be the chief executive officer of a subsidiary of a derivatives exchange.

(2)A derivatives broker who is a derivatives member or an associate or an agent of that derivatives broker shall not be a member of the board of any derivatives exchange.

(3)At least one public interest director shall be present in the meetings of the board to constitute the quorum.

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Source: Kenya Law