THE CAPITAL MARKETS ACT (CAP. 485A) PROPOSED LICENSING REGULATIONS FOR FUTURES EXCHANGES IN KENYA
The Authority appointed a long-term Futures and Derivatives expert in January 2013 to provide technical assistance in the development of the operational and regulatory framework necessary for the establishment of a Derivatives and Futures Exchange in Kenya.
Following extensive stakeholder engagement, the draft Capital Markets (Futures Exchanges) (Licensing Requirements) Regulations, 2013 have been developed and are now available for public comment.
This draft Regulation is the first in a set which will include regulations for the business of futures contracts and regulations for futures market intermediaries. Additionally, any licensed futures exchange will be required to put in place rules covering a broad spectrum of areas related to the futures exchange business.
To read more download the listed documents;