ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
5. Rules of securities exchanges
Edition: 2025-12-11 · In force
5. Rules of securities exchanges
The rules of the securities exchange submitted under regulation 3(2)(b) shall contain provisions on the—(a)admission to the listing, suspension or delisting of securities by the securities exchange;(b)the conditions governing dealing in securities by its trading participants for the protection of the rights of investors;(c)prompt and simultaneous disclosure to all investors of material information about a security of a price sensitive nature to enable appraisal of an issue by investors;(d)protection of investors against abuse of confidential information, misleading information, fraud, deceit, and other adverse practices in the issuing and trading of securities;(e)prohibition of market manipulation;(f)investigation into trading in securities and financial transactions of trading participants and for conducting random inspections on such trading participants;(g)suspension of trading of any security for the protection of investors or for the conduct of orderly and fair trading;(h)the conduct of securities trading by trading participants and the form in which information relating to transactions is to be maintained and reported to other trading participants and customers of the securities exchange;(i)segregation of the business accounts of trading participants from the business accounts of customers;(j)dispute resolution mechanisms;(k)proper safe keeping of any security in the custody of the security exchange;(l)trading rights on the securities exchange;(m)registration by the securities exchange of full members, associate members, their representatives, authorized clerks and dealers;(n)conduct on the securities exchange of trading participants, their representatives, authorized clerks and dealers;(o)responsibility of trading participants for the actions of their employees and agents in their dealings with the public; and(p)any other matter that may be required by the Authority for the proper conduct of business.