CAPITAL MARKETS AUTHORITY 2022
PUBLIC NOTICE
DRAFT CAPITAL MARKETS (SECURITIES) (PUBLIC OFFERS LISTINGS AND DISCLOSURES) REGULATIONS, 2022
The Authority has reviewed the Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2001 to incorporate emerging areas and streamline the eligibility and listing requirements. The review is aimed at addressing the Capital Markets Masterplan recommendations on the need for the various market segments to be streamlined in order to ensure that the options and requirements for listing are clarified and effectively commu- nicated. Further, the Regulations intend to foster the Authority’s mandate to protect investors and to nurture fair and efficient capital markets as well as provide an opportunity for the Authority to comply with the requirements of the Statutory Instruments Act.
Following the review, the draft Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2022 have since been developed pursuant to Section 12(1) of the Capital Markets Act, Cap 485A of the Laws of Ken- ya. The draft Regulations as shall be read with the Act provides for the guiding principles on public offers, eligibility requirements and listing requirements, underwriting and book building among others.
In accordance with Section 12A (3) of the Act, the Authority now invites stakeholders and the general public to submit comments on the proposed Capital Markets (Securities) (Public Offers Listings and Disclosures) Regula- tions, 2022, available on www.cma.or.ke.
Kindly submit your comments by 3rd June, 2022 to:
The Chief Executive
Capital Markets Authority
P.O. Box 74800-00200 Nairobi 3rd Floor, Embankment Plaza
Longonot Road, Upperhill Email: comments@cma.or.ke
Website www.cma.or.ke