ADVOKS GLOBAL · KENYA
The Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations
7. Eligibility to issue securities
Edition: 2022-12-31 · In force
7. Eligibility to issue securities
(1)No person shall be eligible to issue securities to the public or list at a securities exchange, unless—(a)with respect to securities to be listed on the Main Investment Market Segment, the issuer complies with the eligibility requirements prescribed in Part A of the First Schedule;(b)with respect to securities to be listed on the Alternative Investment Market Segment, the issuer complies, with the eligibility requirements prescribed in Part B of the First Schedule;(bb)with respect to securities to be listed on the Growth Enterprise Market Segment, the issuer complies with the eligibility requirements as set out in Part C of the First Schedule;(c)with respect to securities to be listed on the Fixed Income Securities Market Segment, the issuer complies with the eligibility requirements prescribed in the Second Schedule;(d)with respect to regional fixed income securities to be issued within the East African Community, the issuer complies with the eligibility requirements as set out in Part B of the Second Schedule.(2)Any person who does not receive the minimum number of subscriptions in a public offering shall not be eligible to make another public offering before the expiry of one year from the date of approval of the previous public offering.