The Capital Markets (Derivatives Markets) Regulations

25. Compensation and tenure of key personnel

Edition: 2025-02-14 · In force

25. Compensation and tenure of key personnel

(1)A derivatives exchange shall establish a compensation committee comprising of a majority of public interest directors.

(2)The compensation committee established under subregulation (1) shall—

(a)be chaired by a public interest director; and

(b)establish a compensation policy for all employees of the derivatives exchange.

(3)The compensation policy under subregulation (2) (b) shall be subject to the approval of the Authority.

(4)The compensation given to the key personnel shall be disclosed in the annual report of the derivatives exchange.

(5)The tenure of key personnel, other than a director, shall be for a fixed period, or as may be determined by the derivatives exchange compensation committee.

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Source: Kenya Law