Central Depositories Act, 2000 🇰🇪

Kenya

Preface

Part I – PRELIMINARY

1. Short title

2. Interpretation

Part II – CENTRAL DEPOSITORY

2A. Functions of the Authority

3. Restriction on establishment of central depository

4. Establishment of a central depository

4A. Determination of fit and proper

5. Grant of a license

+13 more sections

Part III – PROVISIONS RELATING TO IMMOBILISED SECURITIES

13. Prescription of securities for immobilisation

14. Verification of certificates and transfer to a central depository or nominee company

15. Transitional provisions relating to trading of eligible securities

16. Dealer in eligible securities to hold securities account

17. Restriction of trade in eligible securities

+12 more sections

Part IV – SECURITIES ACCOUNTS AND RECORDS

30. Dealer in book-entry securities to hold securities account

30A. Appointment of authorized nominees

30B. Duties of authorized nominees

31. Issuance of statements of accounts

32. Duty of central depository to keep records

+1 more sections

Part V – SECURITIES TRANSACTIONS, ENTRIES AND MISCELLANEOUS

34. Evidence of book-entry security transactions

35. Entries in securities accounts

36. Provision of record of depositors to issuer

37. Depositor to be treated as member or debenture holder

38. Prohibition of dealings in book-entry securities

+6 more sections

Part VI – SECRECY PROVISIONS

44. Security measures

45. Duty to maintain secrecy

46. Restrictions on disclosure of information by central depository agents

47. Permitted disclosures

48. Regulation of access to the computer system

Part VII – OFFENCES AND PENALTIES

49. Falsification of records or accounts

50. Destruction, concealment, mutilation and alteration of records

51. Furnishing false or misleading information

52. Offences by bodies corporate

53. General penalty

Part VIII – INVESTIGATION

54. Application of Part

55. Power of Authority to require production of records

56. Power of Authority to enter and search premises, etc.

57. Obstruction

58. Disclosure to Authority

+7 more sections

Part VIIIA – CENTRAL DEPOSITORY SETTLEMENT GUARANTEE ARRANGEMENTS

60A. Obligation to have approved settlement guarantee arrangements

60B. Establishment of Central Depository Guarantee Fund

60C. Management of the Fund

Part IX – GENERAL

61. Preservation of records and accounts

62. Power of Authority to compound offences

63. Prosecution

63A. Insurance

64. Indemnity

+3 more sections

REPUBLIC OF KENYA

Central Depositories Act, 2000

Act 4 of 2000

Assented to on 1 August 2000
Commenced on 1 June 2003
[This is the version of this document from 1 June 2003.]

An Act of Parliament to facilitate the establishment, operation and regulation of central depositories, to provide for the immobilisation and eventual dematerialisation of, and dealings in, securities deposited therewith in Kenya, and for connected purposes.

Part I – PRELIMINARY

1. Short title

This Act may be cited as the Central Depositories Act, 2000.

2. Interpretation

(1)In this Act, unless the context otherwise requires—"access", in relation to a computer system, means the placing of information on that system and the retrieval of information from that system;"Authority" means the Capital Markets Authority established under section 5 of the Capital Markets Authority Act (Cap. 485A);"authorized nominee" means a person appointed in writing by a beneficial owner or legal owner to open a securities account and transact on be…

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Central Depositories Act, 2000 🇰🇪

Table of Contents

REPUBLIC OF KENYA

Central Depositories Act, 2000

Act 4 of 2000

Part I – PRELIMINARY

1. Short title

2. Interpretation

Read the Full Legislation on judy.legal