ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
28. Advisory Committee
Edition: 2025-02-14 · In force
28. Advisory Committee
(1)The board of a derivatives exchange shall establish an advisory committee mandated to advise the board on non-regulatory and operational matters including product design, technology, charges and levies.(2)The advisory committee established under subregulation (1) shall comprise of the derivatives brokers who are members of a derivatives exchange.(3)The Chairperson of the board and the chief executive officer shall be permanent invitees to every meeting of the advisory committee.(4)The advisory committee shall meet at least four times a year but a period of three months shall not elapse between the date of one meeting and the next meeting.(5)The recommendations of the advisory committee shall be tabled at the meeting of the board of the derivatives exchange for consideration and appropriate decision of the board, and such recommendations along with the decision of the board on the same, shall be disclosed on the website of the derivatives exchange.(6)A derivatives member shall not be a member of any other committee of the derivatives exchange.