ADVOKS GLOBAL · KENYA
The Central Depositories (Regulation of Central Depositories) Rules
10. Reporting obligations
Edition: 2025-02-14 · In force
10. Reporting obligations
A central depository shall—(a)(i)within four months from the commencement of its operations provide a list of its central depository agents approved by the central depository to the Authority and shall thereafter notify the Authority each time it approves a central depository agent within forty eight hours after each approval; and(ii)notify the Authority at least seven days prior to prescription for immobilization or dematerialization.(b)furnish the Authority, by the last day of March in each year with a report of its activities during the preceding calendar year and such report shall contain information on—(i)financial statements duly audited by an independent auditor;(ii)changes in the membership of its board of directors;(iii)composition of the committees required to be set up under these rules;(iv)approvals, suspensions or revocation of approvals of central depository agents;(v)securities immobilized or dematerialised;(vi)arbitration of disputes; and(vii)any other information that the Authority may request.(c)immediately inform the Authority whenever there—(i)is a default on settlement and delivery;(ii)are, to its knowledge, incidences of violation of the Act or the rules issued thereunder.