ADVOKS GLOBAL · KENYA
The Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations
10. Disclosure requirement for public issues
Edition: 2022-12-31 · In force
10. Disclosure requirement for public issues
(1)The form and content of a prospectus or listing statement shall comply with–(a)Part A of the Third Schedule where the issuer seeks to list in the Main Investment Market Segment;(b)Part B of the Third Schedule where the issuer seeks to list in the Alternative Investment Market Segment;(c)Part C of the Third Schedule where the issuer seeks to list in the Fixed Income Securities Market Segment;(cc)Part CC of the Third Schedule where the issuer seeks to list on the Growth Enterprises Market Segment; and(d)Part D of the Third Schedule where the issuer seeks to list on any segment of the market by way of Introduction.(1A)Notwithstandiing paragraph (1), the Authority may prescribe different disclosure requirements for entities listed on a foreign securities exchange recognised by the Authority that are seeking to list on a securities exchange in Kenya.(2)Every prospectus or listing statement shall–(a)contain the following statement on its front page–"As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of any statements or opinions made or reports contained in this prospectus or listing statement, as the case may be. Approval of the issue and/or listing is not to be taken as an indication of the merits of the issuer or of the securities"; and(b)state the allotment procedure to be applied in case of an over subscription for the securities to be issued pursuant to the prospectus.