ADVOKS GLOBAL · KENYA
The Capital Markets (Whistleblower) Regulations
12. Amount of reward
Edition: 2022-12-31 · In force
12. Amount of reward
(1)Pursuant to section 18(2A) of the Act, the reward payable to a whistleblower under these Regulations shall be three percent of the amount recovered subject to a maximum of five million shillings.(2)A reward payable under these Regulations shall be subject to tax deductions as may be applicable.(3)A reward shall be payable to a whistleblower where the information provided is new and timely, and leads to the recovery of the sums lost.