ADVOKS GLOBAL · KENYA
The Capital Markets (Registered Venture Capital Companies) Regulations
10. Obligations of the fund manager
Edition: 2022-12-31 · In force
10. Obligations of the fund manager
Notwithstanding the provisions of any management agreement, the fund manager shall—(a)ensure that a prudent investment policy is in place in respect of each fund;(b)ensure that all fund investments are carried out in accordance with the disclosed investment policy and in compliance with the Capital Markets Act and Regulations and all other applicable laws; and(c)notify the Authority immediately and in any event in writing within twenty four hours of any event that results in less than seventy five percent of the investable funds of the registered venture capital company being invested in eligible venture capital enterprises.