The Capital Markets (Whistleblower) Regulations
2. Interpretation.
2. Interpretation.
In these Regulations, unless the context otherwise requires—"Act" means the Capital Markets Act;"Authority" has the meaning assigned to it under the Act;"Compensation Fund" has the meaning assigned to it under the Act;"new and timely information" means information that is not already known to the Authority from any other source and which the whistle-blower obtained from their independent knowledge, experience, communication or observation during in employment, business or social interactions,"securities" has the meaning assigned to it under the Act; and"whistleblower" means any person who provides to the Authority, either by himself or acting jointly with another person, new and timely information relating to misconduct or contravention of laws relating to securities leading to the recovery of penalties or illicit gains referred to in section 18(2A) of the Act.Source: Kenya Law