ADVOKS GLOBAL · KENYA
The Central Depositories (Regulation of Central Depositories) Rules
4. CDS rules
Edition: 2025-02-14 · In force
4. CDS rules
An applicant who proposes to operate as a central depository shall make rules which rules shall be included in the application to govern all aspects of its operations including—(a)appointment, functions, suspension and revocation of appointment of central depository agents;(b)appointment of a manager for a suspended central depository agent;(c)notification to the issuers and the public of all eligible securities prescribed to be immobilized or dematerialised in the central depository;(d)deposit of certificates;(e)information to be contained in the record of depositors;(f)frequency of issue of the statement of account by the central depository to the depositors;(g)charging of securities;(h)circumstances when a book entry security in a securities account is in suspense in circumstances other than provided under the Act; and(i)circumstances for investigation or restriction of dealings in any book entry transfers partially or otherwise;