ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
72. False trading
Edition: 2025-02-14 · In force
72. False trading
(1)A person who creates, causes to be created, or does anything that is calculated to create a false or a misleading appearance of trading activity in a derivatives market, commits an offense.(2)Without limiting the generality of subregulation (1), a false or a misleading appearance of trading activity is created if a person executes or holds himself or herself out as having executed an order for the purchase or sale in a derivatives market, without having effected a bona fide purchase or sale in accordance with the regulations, rules and practices of the derivatives market.