ADVOKS GLOBAL · KENYA
The Capital Markets (Registered Venture Capital Companies) Regulations
13. Hand-over to new fund manager
Edition: 2022-12-31 · In force
13. Hand-over to new fund manager
A fund manager shall within fourteen days of the date of resignation or removal deliver to the registered venture capital company and copy to the Authority all information and documents relating to its contractual duties including—(a)statements pertaining to all the funds under its management;(b)details of the investment portfolio and details of the cost of such investment and estimated yields;(c)statements relating to any incomplete transactions;(d)records required to be maintained by the fund manager;(e)duly executed transfer documents relating to any securities registered in the name of the fund manager as nominee for the registered venture capital company;(f)letters of resignation by the fund manager or persons appointed by the fund manager as nominee for the registered venture capital company from any directorships made pursuant to the management agreement; and(g)particulars of all contact persons for purposes of follow up of the investment portfolios.