ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
7. Chief executive officers of securities exchanges
Edition: 2025-12-11 · In force
7. Chief executive officers of securities exchanges
(1)Each securities exchange shall have a chief executive officer who shall be in charge of the day-to-day operations of the exchange.(2)The chief executive officer shall be required to have sufficient professional capability to ensure that the exchange caries out trading, clearing and compliance functions of its trading participants and listed companies.(3)A person shall be qualified for appointment as a chief executive officer of a securities exchange if such a person has at least ten years’ experience at a senior management level and expertise in matters relating to capital markets or other disciplines relevant to the functions of the exchange.(4)The tenure of the chief executive officer shall be determined by the board of directors of the exchange which tenure shall not exceed five years renewable once.