ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
45. Ranking of default proceedings of clearing house in insolvency
Edition: 2025-02-14 · In force
45. Ranking of default proceedings of clearing house in insolvency
(1)Where property is subject to a market charge or has been provided as a market collateral, no execution or other legal process for the enforcement of a judgment or an order may be commenced or continued, and no distress may be levied, against the property by a person seeking to enforce any interest in or security over the property, except with the consent of the clearing house concerned.(2)Where a person is not entitled, by virtue of this regulation, to enforce judgment or an order against any property, any injunction or other remedy granted with a view to facilitating the enforcement of any such judgment or order shall not extend to that property.