ADVOKS GLOBAL · KENYA
The Capital Markets (Investment-Based Crowdfunding) Regulations
31. Operation of trust account
Edition: 2022-12-31 · In force
31. Operation of trust account
(1)A crowdfunding platform operator shall appoint a custodian to hold in trust any funds raised through the platform.(2)The custodian shall establish and maintain a separate trust account for each funding round on its platform with a financial institution duly licensed and approved by the Authority as a custodian.