ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
52. Licensing of a derivatives broker
Edition: 2025-02-14 · In force
52. Licensing of a derivatives broker
(1)A person who intends to operate as a derivatives broker shall submit an application for a licence to operate as such to the Authority in Form 2 as set out in the Fourth Schedule.(2)An application under subregulation (1) shall be accompanied by—(a)the prescribed fees as set out in the Fifth Schedule;(b)the documents, information and declarations specified under regulation 52; and(c)a letter from the derivatives exchange stating that the applicant meets all the relevant requirements of that derivatives exchange and that the derivatives exchange will admit the applicant if licensed by the Authority.