ADVOKS GLOBAL · KENYA
The Central Depositories (Regulation of Central Depositories) Rules
16. Management of the Fund
Edition: 2025-02-14 · In force
16. Management of the Fund
(1)The Fund shall be managed by the central depository as a separate fund and disclosed as such in the central depository’s annual balance sheet.(2)The central depository shall keep proper accounts and records of the Fund and in every financial year, prepare a statement of accounts showing the movement and financial position of the Fund in its annual report.(3)The accounts referred to in paragraph (2) shall include all sources of income and contributions to and expenses or disbursements of the Fund and any investments of the Fund.(4)The accounts and records of the Fund shall be audited by an auditor appointed by the central depository for its annual accounts.(5)The central depository shall make rules on the operation and maintenance of the Fund.