ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
84. Nature of transactions
Edition: 2023-12-15 · In force
84. Nature of transactions
An application to the Authority for approval of a private transaction shall be considered if the transaction is for the—(a)the transfer in the form of a gift;(b)a settlement of a will or estate of a deceased person;(c)restructuring, merger or acquisition in a scheme which has been approved by the Authority;(d)the transfer of an exceptional nature of a listed security that the Authority considers to be proper and acceptable with respect to a strategic investor and serves the investor or public interest; or(e)the transfer shall not result in any change in beneficial ownership otherwise than for purposes of paragraphs (c) or (d) or section 31(1A)(ii) of the Act.