ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
14. Issuers not seeking listing
Edition: 2023-12-15 · In force
14. Issuers not seeking listing
(1)An issuer of securities to the public who does not wish to list the securities on a securities exchange shall meet the eligibility criteria and comply with the disclosure requirements prescribed for—(a)Small and Medium Enterprises Market Segment in the case of equities; and(b)Small and Medium Enterprises Fixed Income Securities Market Segment in the case of debt securities.(2)An issuer who does not wish to list the securities on any market segment shall establish and maintain mechanisms approved by the Authority for facilitating trading and price discovery of the securities.(3)An issuer who has made a public offer in accordance with subsection (1), may, after the expiry of one year since the securities ceased to be the subject of an offer to the public, list the securities by introduction.