ADVOKS GLOBAL · KENYA
The Capital Markets (Securities Lending, Borrowing and Short-selling) Regulations
16. Reporting of and limits on short positions
Edition: 2022-12-31 · In force
16. Reporting of and limits on short positions
(1)A participant in an exchange or trading platform who holds a short position in a security of five per centum or more of the total amount of the security in issue shall report this position immediately to the relevant exchange or trading platform and the Authority.(2)The Authority may revise the limit prescribed in subregulation (1) and may prescribe different limits for different categories of securities.(3)A short position in any security by a participant and related persons shall not exceed ten per centum of the total amount of the security in issue.(4)The Authority may revise the limit prescribed under subregulation (3), and may prescribe different limits for different categories of securities, or prescribe the limits of short positions that specific participants or types of participants may hold.