ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
68. Procedure for inspection
Edition: 2025-02-14 · In force
68. Procedure for inspection
(1)The Authority shall, before undertaking an inspection under regulation 66, give the derivatives broker a reasonable notice of the intention to undertake an inspection.(2)Notwithstanding subregulation (1), the Authority may direct, in writing, that an inspection of a derivatives broker be carried out without notice to the derivatives broker, if the Authority is satisfied that it is in the interest of the investors or in the public interest that no such notice should be given.(3)The inspecting officers appointed under regulation 66, shall have the power to undertake the inspection of the derivatives broker as directed by the Authority and that derivatives broker is bound to discharge its obligation as provided under regulation 68.