ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
47. Property deposited with a clearing house
Edition: 2025-02-14 · In force
47. Property deposited with a clearing house
(1)Subject to regulation 44, where a derivatives broker deposits any property with a clearing house as market collateral in accordance with the clearing and settlement rules of a derivatives exchange, then, notwithstanding any other law, no action, claim or demand, either civil or criminal, in respect of any right, title or interest in such property held or enjoyed by any person shall lie, or shall be commenced or allowed against the derivatives exchange or its nominees.(2)The operation of subregulation (1) shall be subject to any modifications and exclusions provided in the clearing and settlement rules of the derivatives exchange.