info[at]kasib.co.ke

KASIB's Acts and Guidelines

CMA Acts :

The Capital Market Authority Act

The Capital Markets Authority

Guidelines :

Corporate Governance Guidelines 2002

Corporate Governance Guidelines 2002

Kenyan Constitution :

The Kenya Constitution

Current Constitution of Kenya

Parliament Acts :

Central Deposit Act

Central Depositories Act 2000

Parliament Acts :

Central Deposit Act

Central Depositories Act 2000

Regulations :

The Central Depositories (Regulation of Central Depositories) Rules 2004

The Central Depositories (Regulation of Central Depositories) Rules 2004

Regulations :

The Capital Markets (Securities) (Public Offers Listing and Disclosure) Regulations 2002

The Capital Markets (Securities) (Public Offers Listing and Disclosure) Regulations 2002

Regulations :

The Capital Markets (Take overs and Mergers) Regulations, 2002

The Capital Markets (Take overs and Mergers) Regulations, 2002

Regulations :

The Capital Markets (Foreign Investors) Regulations 2002

The Capital Markets (Foreign Investors) Regulations 2002

Regulations :

The Capital Market (Licensing Requirements) (General) Amendment Regulations 2009

The Capital Market (Licensing Requirements) (General) Amendment Regulations 2009

Regulations :

Capital Markets (Registered Venture Capital Companies) Regulations 2007

Capital Markets (Registered Venture Capital Companies) Regulations 2007

Advocacy

Lobbying

Union

Market Growth

Investor Education

Code of Ethics

Investor Protection

Investor Education

  • Window Dressing : 

    This is a deceptive practice employed by some mutual funds managers in which recently weak stocks are sold and recently strong stocks are bought just before the funds holdings are made public in order to give the impression that they have been holding good stocks all along.

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  • Going Public : 

    A company is said to be going public when it offers to sell its shares to the public through an initial public offering (IPO). Companies mostly do this to expand their capital base and to finance their growth plans.

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  • Quorum : 

    This is the minimum number of shareholders in a company that are needed to make the proceedings of a meeting valid.

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  • Short Sale (or Short Position) : 

    This is the sale of securities e.g. shares which one does not own, or has borrowed. Short sellers assume the risk that they will be able to buy back the shares at a later date and at a lower price, thereby making a profit.

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  • Eligible Securities : 

    These are shares, debentures and bonds which banks will accept as collateral for loans. Most of the shares listed at the Nairobi Securities Exchange are eligible securities.

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