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

32. Transaction advisors

Edition: 2023-12-15 · In force

32. Transaction advisors

(1)An entity proposing to offer securities to the public or list securities in any market segment shall appoint a transaction advisor.

(2)A transaction advisor shall take all reasonable and effective measures to avoid or deal with any conflicts of interest that may arise in the discharge of the transaction advisor’s duties.

(3)A person is not eligible for appointment as a transaction advisor unless such a person is an investment bank or an investment adviser licenced by the Authority.

(4)A transaction advisor appointed under subregulation (1) shall be responsible for ensuring that the offer of securities and listing is made in accordance with the Act and these Regulations.

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Source: Kenya Law