ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
6. Ownership of securities exchanges
Edition: 2025-12-11 · In force
6. Ownership of securities exchanges
(1)The Authority may prescribe limits on the ownership of a securities exchange by its trading participants.(2)A securities exchange may, in accordance with the procedures prescribed in its rules, admit a trading participant—(a)if that person satisfies any admission requirements of the securities exchange; and(b)on payment of admission fee approved by the Authority under section 29(2) of the Act.(3)A director or a shareholder of a trading participant shall not be a director or hold beneficial interest either directly or indirectly in more than one trading participant of a securities exchange unless the trading participant has been exempted by the Authority on the basis of evidence of adequate internal controls to address conflict of interest.(4)For purposes of subregulation (3), beneficial interest in a trading participant shall be an interest of fifteen per cent or more of the voting shares held directly or indirectly.