The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023

15. Transfer to new market segment

Edition: 2023-12-15 · In force

15. Transfer to new market segment

(1)An issuer whose securities are listed on a market segment of a securities exchange shall not be eligible to transfer the listed securities to another market segment before the expiry of one year from the date of the first listing.

(2)A transfer of securities from, or to, a market segment of a securities exchange shall—

(a)be subjected to the eligibility criteria of the new segment;

(b)comply with the disclosure requirements of the new segment; and

(c)be subjected to the approval of the securities exchange:

Provided that the Authority shall be notified within fourteen days of any application being made, and its views considered, before approval is granted by the securities exchange.

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Source: Kenya Law