ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
10. Reporting by securities exchanges
Edition: 2025-12-11 · In force
10. Reporting by securities exchanges
(1)Each securities exchange shall, within four months after the end of each financial year, make available to the Authority, the public and to the investors a summary of information on companies listed at the securities exchange.(2)The information referred to in paragraph (1) shall include the—(a)published accounts of companies listed on the securities exchange including statements of financial position and statement of comprehensive income;(b)date of incorporation, date of listing, names of directors, share capital, number and value of shares issued, and any changes in the share capital;(c)details of securities transacted and the prices (high, low and mid-market) at which such securities have been transacted during the year; and(d)earnings per share, dividend per share, shareholding structure (institutional, individual and foreign investors), principal or controlling shareholders and total number of shareholders.(3)Each securities exchange shall maintain and publish on its website information regarding each company listed at the securities exchange including the—(a)name of the issuer and date of incorporation;(d)principal or controlling shareholders;(e)total number of shareholders;(f)authorized and paid-up share capital;(g)changes in authorized or paid-up share capital;(h)core and auxiliary line of business;(i)balance sheet and profit and loss accounts for the preceding five years;(j)volume and price movements (high and low) of the listed security; and(k)earnings per share and dividend per share.(4)Each securities exchange shall, by the 31st March in each year, furnish the Authority with a report of its activities during the preceding calendar year and such report shall contain information on—(a)changes in its rules, if any;(b)changes in the membership of its board of directors;(c)composition and mandates of committees set up and changes (if any) in the membership of existing committees;(d)admission, suspension or expulsion of trading participants;(e)disciplinary action against trading participants including appointment of statutory managers;(f)arbitration of disputes;(g)securities listed, suspended or delisted; and(h)any other information that the Authority may require.(5)Each securities exchange shall submit to the Authority, through electronic means, a daily report on the securities transacted, the price movements on each security including low, high and average prices, and the volume of transactions in each security and such report shall be made public by the securities exchange including by publishing in the security exchange’s website.(6)Each securities exchange shall furnish the Authority, within thirty days after the end of each quarter, a report of all securities transactions for each day, including private transactions, the value of each transaction, names of the parties for each private transaction and the holders of notifiable interest disclosed to the securities exchange.(7)Financial statements of a securities exchange shall include the disclosures prescribed in the Third Schedule to these Regulations.(8)The annual accounts of a securities exchange shall be audited by an independent auditor appointed by the board of directors with the consent of the Authority and such auditor shall not be removed without the approval of the Authority.(9)A securities exchange shall furnish the Authority with all documents and notices that it issues to its members in connection with the annual general meetings within ten days prior to the date of such meetings.(10)Communication to investors shall be by way of publication in at least one daily newspaper of national circulation and the exchange’s website.(11)A securities exchange shall immediately report to the Authority through telephone and in writing whenever—(a)there is a delay in the commencement, interruption or closing of trading;(b)trading is to be suspended in any security;(c)there are incidences of violation of the Act or the rules of the securities exchange;(d)there is unusual activity in the market;(e)the securities exchange receives non-public information that it determines could have a material effect on the market in general or on any specific securities.