ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
5. Consideration for grant of licence
Edition: 2025-02-14 · In force
5. Consideration for grant of licence
In order to be entitled to apply for a licence under Regulation 4, an applicant shall be required to—(a)be a company limited by shares;(c)have a minimum authorized, issued and paid up equity share capital of one billion Kenya Shillings;(d)satisfy requirements relating to ownership and governance structure specified in these Regulations;(e)have its directors and shareholders who hold or intend to hold shares, determined as fit and proper persons as prescribed under section 24A of the Act;(f)satisfy the minimum liquid net-worth requirements specified in these Regulations;(g)have a minimum of one hundred million Kenya Shillings in the settlement guarantee fund before the commencement of trading;(h)satisfy requirements relating to financial capacity, functional expertise and infrastructure;(i)have in its employment, sufficient number of persons with adequate professional and other relevant competencies and experience; and(j)comply with any other conditions as may be specified by the Authority.