The Capital Markets (Licensing Requirements)(General) Regulations, 2025

3. Application for licensing of securities exchanges

Edition: 2025-12-11 · In force

3. Application for licensing of securities exchanges

(1)A person who wishes to undertake a securities exchange business shall apply to the Authority for a licence.

(2)An application for grant of licence under sub-regulation (1) shall be in Form 1 as set out in the First Schedule and accompanied by—

(a)memorandum and articles of association of the applicant which restricts the applicant to the business of operating a securities exchange and services incidental thereto;

(b)the rules of the securities exchange;

(c)the details of the trading system proposed to be adopted by the applicant;

(d)proof of paid-up capital of one billion shillings;

(e)the prescribed fee as set out in the Sixth Schedule; and

(f)such additional information as may be required by the Authority.

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Source: Kenya Law