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Capital Markets Act, 1989 🇰🇪


REPUBLIC OF KENYA

Capital Markets Act, 1989

Act 17 of 1989

  • Assented to on 13 December 1989
  • Commenced on 15 December 1989
  • [This is the version of this document from 15 December 1989.]
An Act of Parliament to establish a Capital Markets Authority for the purpose of promoting, regulating and facilitating the development of an orderly, fair and efficient capital market in Kenya and for connected purposes

Part I – PRELIMINARY

1. Short title

This Act may be cited as the Capital Markets Act.Act No. 3 of 2000, s. 3.

2. Interpretation

In this Act, unless the context otherwise requires—“agent” means any person appointed in writing by a licensed person, except in a derivatives market, to perform any of the functions ordinarily performed by the licensed person on behalf of that licensed person;“authorised securities dealer” means a person authorized to deal in securities and operate in a specific market segment as may be prescribed by the Authority;“Authority” means the Capital Markets Authority established…

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