ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements) (General) Regulations
13. Listing of securities by a securities exchange
Edition: 2023-10-06 · In force
13. Listing of securities by a securities exchange
(1)No securities exchange shall admit to listing a security which has not been approved for listing by Authority.(2)A securities exchange shall admit to listing without any other conditions all securities approved by the Authority arising out of—(a)a public offer, on attainment of the total minimum subscription of shares as disclosed in the prospectus approved by the Authority and minimum number of shareholders prescribed for the respective market segment;(d)scrip dividend offer; or(e)capitalization of reserves.(3)A securities exchange shall provide in its listing rules and with respect to each market segment the procedure for admission to listing of securities approved for listing by the Authority.