The Capital Markets (Foreign Investors) Regulations

7. Deposit of share certificates with an authorized depository

Edition: 2022-12-31 · In force

7. Deposit of share certificates with an authorized depository

(1)A stockbroker shall deposit every share certificate registered in the name of a foreign investor with an authorised depository designated by the foreign investor.

(2)An authorized depository shall hold in its custody every share certificate deposited under paragraph (1) and the certificate shall remain so held unless shares are transferred to a local investor.Provided that if the issuer's shares are immobilized or dematerialised, the shares shall be held by an authorized depository or a central depository agent.[L.N. 78/2007, r. 7(a).]

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Source: Kenya Law