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CAPITAL MARKETS ACT

LAWS OF KENYA CAPITAL MARKETS ACT CHAPTER 485A Revised Edition 2012 [2010] Published by the National Council for Law Reporting with the Authority of the Attorney-General [Rev. 2012] CAP. 485 ACapital MARKETS 3 [Issue 1] CHAPTER 485A CAPITAL MARKETS ACT ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title. 2. Interpretation. 3. Meaning of the term associated person . 4. Definition of interest in securities . PART II THE CAPITAL MARKETS AUTHORITY 5. Establishment and membership of the Authority. 6. Meetings and procedures of the Authority. 7. Seal and execution of documents. 8. Appointment of chief executive of the Authority. 9. Appointment and remuneration of staff. 10. Protection from legal action. 11. Objectives of the Authority. 12. Power of Authority to issue rules, regulations and guidelines.

schemes, credit unions or friendly societies; (ii) an arrangement where each of the holders of the shares is a body corporate in the same group as the promoter; (iii) an arrangement where each of the holders of the share is a bona fide employee, former employee, wife, …

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