 |
September 2010 |
 |
|
|
|
Press Center
|
Appointment Of Transaction Advisers |
The Capital Markets Authority wishes to draw the attention of all licensees and members of the public to the provision of Regulation 5A of the Capital Markets (Public Offer, Disclosure and Listing) Regulations 2002 which came into effect on June 11, 2009 and which provides as follows:
- Any company proposing to offer its securities to the public or a section of the public shall appoint a transaction adviser.
- A transaction adviser appointed under paragraph (1) shall be responsible for ensuring that the offer of securities is made in accordance with the Act and regulations issued thereunder.
- A person shall not be eligible for appointment as a transaction advisor unless such a person is licensed as an investment bank or is approved by the Authority to act as a transaction advisor for the particular offer of securities.
In accordance with this provision, ALL issuers of securities to the public are required to appoint a Transaction Adviser that is licensed as an Investment Bank or in the alternative, prior to appointing a transaction adviser that is not a licensed Investment Bank, to seek the Authority’s approval of such a person.
Kindly note that that save for Investment Banks, all persons seeking to act as transaction advisers shall be required to seek prior approval from the Authority before they are considered eligible to act as a transaction advisers.
The Authority may consider the appointment of a joint team of transaction advisers provided that the same comprises a licensed Investment Bank.
|
|
Read more...
|
|
|
Renewal Of Capital Market Licences For The Year 2010 |
|
The attention of the Capital Markets Authority has been drawn to an erroneous report that appeared on the Tuesday May 11th 2010 Standard Newspaper’s , Financial Journal section, Page 9 titled ‘Will CMA renew brokers licences?’.
|
|
Read more...
|
|
|
Notice of Revocation of Investment Adviser Licence |
|
CAPITAL MARKETS ACT CAP 485A
- Jani Consultancy Services Limited
- WSD Capital (Kenya) Limited
- Bridges Capital Limited
Notice of Revocation of Investment Adviser Licence
Application has been made to the Capital Markets Authority for revocation of the Investment Adviser License in respect of the above listed companies. Notice is given to members of the public to raise any unresolved and outstanding issues with the companies within forty five (45) days from the date of publication of this notice.
Dated April 29, 2010
Chief Executive
Capital Markets Authority
|
|
Read more...
|
|
|
Notice of Revocation of Investment Adviser Licence |
|
CAPITAL MARKETS ACT CAP 485A
- Jani Consultancy Services Limited
- WSD Capital (Kenya) Limited
- Bridges Capital Limited
Notice of Revocation of Investment Adviser Licence
Application has been made to the Capital Markets Authority for revocation of the Investment Adviser License in respect of the above listed companies. Notice is given to members of the public to raise any unresolved and outstanding issues with the companies within forty five (45) days from the date of publication of this notice.
Dated April 29, 2010
Chief Executive
Capital Markets Authority
|
|
Read more...
|
|
|
The public are advised to be wary of and to avoid giving money to companies that hold themselves out as carrying on the business of Investment Advisers or any other licensed activity without holding valid licenses issued under the Capital Markets Act.
The public should note that the Capital Markets Act (Cap 485A) and regulations prohibit any company from carrying on the business of a licensed person without the requisite licence. A list of all persons holding a license from the Authority is available on the website of the Authority (www.cma.or.ke) and investors should not hesitate to contact the Authority for any clarifications on the same.
The Authority shall take appropriate action against any unlicensed persons that carry on or hold themselves out as carrying on the business of a licensed person. In this regard the Authority specifically warns the public over any dealings with the following entities:
1. Caribbean Stocks
2. Caribbean Solutions Finders Limited
3. Orgacilla Merchants
We would like to take this opportunity to request the public to provide the Authority with any information on any such unlicensed persons to enable us to take action in the interest of investors.
Investors with queries or complaints may also contact the Capital Markets Fraud Investigation Unit on 0714 693414, 0714693365, 0731544389, 0733199622 or by email on
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
|
Read more...
|
|
| << Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
| | Results 11 - 15 of 53 |
|
|
|
Highlights |
|
|
|
