The Capital Markets (Licensing Requirements) (General) Regulations

3. Application for approval

Edition: 2023-10-06 · In force

3. Application for approval

(1)An application for grant of approval to operate as a securities exchange shall be submitted to the Authority in Form 1 set out in the First Schedule.

(2)The application under paragraph (1) shall be submitted together with—

(a)the rules, memorandum and articles of association of the applicant which shall be in a form that is satisfactory to the Authority and restricts the applicant to the business of operating a securities exchange and services incidental thereto;

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

(c)the prescribed fees set out in the Second Schedule; and

(d)such additional documents as may be required by the Authority.

[L.N. 88/2012, r. 3.]

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Source: Kenya Law