The Capital Markets (Derivatives Markets) Regulations

59. Automatic revocation of a licence

Edition: 2025-02-14 · In force

59. Automatic revocation of a licence

A licence granted under regulation 54 shall automatically be revoked if the derivatives broker—

(a)ceases to be a trading member of a derivatives exchange;

(b)is declared a defaulter by a securities exchange or a derivatives exchange and is not re-admitted to membership within a period of six months from such declaration;

(c)surrenders its membership in all derivatives exchanges where it is a member;

(d)is declared insolvent by a court of law;

(e)voluntarily surrenders the licence to the Authority; or

(f)is wound up by a court order.

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Source: Kenya Law