ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
11. Eligibility to issue securities
Edition: 2023-12-15 · In force
11. Eligibility to issue securities
A person is not eligible to issue securities to the public or list at a securities exchange, unless—(a)with respect to securities to be listed on the Main Investment Market Segment, the issuer meets the eligibility requirements prescribed in Part A of the First Schedule;(b)with respect to securities to be listed on the Small and Medium Enterprises Market Segment, the issuer meets the eligibility requirements as set out in Part B of the First Schedule;(c)with respect to securities to be listed on the Main Fixed Income Securities Market Segment, the issuer meets the eligibility requirements set out in Second Schedule;(d)with respect to securities to be listed on the Small and Medium Enterprises Fixed Income Securities Market Segment, the issuer meets the eligibility requirements set out in the Third Schedule;(e)with respect to regional fixed income securities to be issued within a Partner State of the East African Community, the issuer meets the eligibility requirements set out in the Fourth schedule;(f)with respect to any other market segment, and subject to regulation 8(3), the issuer meets the eligibility requirements prescribed by the securities exchange.