ADVOKS GLOBAL · KENYA
The Central Depositories (Regulation of Central Depositories) Rules
11. Application for appointment as an agent
Edition: 2025-02-14 · In force
11. Application for appointment as an agent
(1)An application for an appointment to operate as a central appointment as an agent, depository agent shall be submitted to the central depository.(2)The following persons may be appointed in addition to the persons referred to in Section 9 (2) of the Act:(i)custodians or authorized depositories approved under the Capital Markets Act or the Retirement Benefits Act:(ii)Central Bank of Kenya.(2A)A body corporate shall qualify to be appointed as a central depository agent under section 9 (2) (d) of the Act, if that body corporare meets the criteria set out in the Third Schedule to these Regulations.(3)The applicant shall meet any technical requirements as may be stipulated by the central depository.