The Capital Markets (Derivatives Markets) Regulations

8. Grant of provisional approval

Edition: 2025-02-14 · In force

8. Grant of provisional approval

(1)The Authority may, if satisfied that the applicant has demonstrated that it is capable of complying with the requirements under regulations 4, 5, 6 and 7, grant the applicant a provisional licence to operate a derivatives exchange.

(2)The provisional licence granted under subregulation (1) shall be valid for a period of six months:Provided that the Authority may, upon sufficient cause shown by the applicant, extend the validity of the provisional licence for a further period not exceeding three months.

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Source: Kenya Law