ADVOKS GLOBAL · KENYA
The Capital Markets (Derivatives Markets) Regulations
75. Employment of fraudulent or deceptive devices, etc
Edition: 2025-02-14 · In force
75. Employment of fraudulent or deceptive devices, etc
A person who, directly or indirectly, in connection with any transaction with any other person involving trading in a derivatives contract—(a)employs any device, scheme or artifice to defraud that person;(b)engages in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, of that person; or(c)makes any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made in the light of the circumstances under which they were made, misleading,commits an offence.