The Capital Markets Authority
Corporate Governance Guidelines 2002
Current Constitution of Kenya
The Central Depositories (Regulation of Central Depositories) Rules 2004
The Capital Markets (Securities) (Public Offers Listing and Disclosure) Regulations 2002
The Capital Markets (Take overs and Mergers) Regulations, 2002
The Capital Markets (Foreign Investors) Regulations 2002
The Capital Market (Licensing Requirements) (General) Amendment Regulations 2009
Capital Markets (Registered Venture Capital Companies) Regulations 2007
Code of Ethics
This is a special fund that is set aside to compensate investors at the stock exchange who may incur loss due to the inability of a licensed stockbroker to meet his contractual obligations towards them. A certain fraction of all equity transactions at the stock exchange is set aside for this fund..
This is the price at which new shares are issued to the public. The price is decided in consultation with the lead transaction advisor, normally an investment bank..
Also known as a ticker symbol, it is a unique series of letters assigned to a security for trading purposes. Example; while ARM represents Athi River Mining, STC represents Sasini Tea and Coffee..
This is an amount of shares traded that is less than the stipulated unit. At the Nairobi Securities Exchange, this comprises a trade of 200 shares, or a trade of KES 3,000 in value. When a transaction is less than this it is called an odd lot..
This is the difference between a bond’s face value and its current market price, if lower..