ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
24. Code of conduct for directors and key personnel
Edition: 2025-02-14 · In force
24. Code of conduct for directors and key personnel
(1)Every director of a derivatives exchange shall abide by the Code of Conduct set out in Part A of the Third Schedule.(2)Every director and key personnel of a derivatives exchange shall abide by the Code of Ethics set out in Part B of the Third Schedule.(3)Every director and key personnel of a derivatives exchange and its clearing house shall be fit and proper persons as prescribed under section 24A of the Act.(4)The Authority may, if a director of a derivatives exchange fails to abide by these Regulations, the Code of Conduct or the Code of Ethics or in case of any conflict of interest, either upon a reference from the derivatives exchange or on its own motion, take appropriate action including removing or terminating the appointment of any director, after providing that director a reasonable opportunity of being heard.