The Capital Markets (Registered Venture Capital Companies) Regulations
14. Appointment of new fund manager
14. Appointment of new fund manager
The board of directors of the registered venture shall within one month of the resignation or removal of the fund manager, appoint another fund manager and shall within seventy two hours of the appointment forward to the Authority a certified copy of the fund manager's letter of consent to appointment in the prescribed form set out in Fourth Schedule and provide the Authority with a copy of the management agreement with the new fund manager.Source: Kenya Law