The KOMEX Rulebook 2023 (Rules of The Exchange) was granted regulatory approval by the Capital Markets Authority on 6th September 2023 under Section 6(1) of the Capital Markets Act Cap 485A of 2019, Laws of Kenya. >> Download KOMEX Rulebook 2023 Approval >> Download KOMEX Rulebook 2023
Legal Frameworks Guiding KOMEX:
1. Companies Act of 2015 – Legal framework governing the incorporation of the Kenya National Multi Commodities Exchange Limited (KOMEX) as a Private Company Limited by Shares under The Business Registration Services (BRS).
Download Companies Act of 2015
2. Capital Markets Act Cap 485A of 2019, and Capital Markets (Commodity Markets) Regulations, 2020 – Legal framework governing the licensing and regulation of commodities exchange operators in Kenya.
Download Capital Markets (Commodity Markets) Regulations, 2020
3. Warehouse Receipt System Act of 2019 and Warehouse Receipt System Regulations, 2020 – Legal framework governing the licensing and regulation of warehouse operators; handling, storage and management of commodities at certified warehouses, and securitisation of commodities through Warehouse Receipts for structured trade under KOMEX.
Download Warehouse Receipt System Act of 2019
4. Law of Contract (Amendment) Act, 2019 – Legal framework under which commodities contracts are traded under KOMEX.
Download Law of Contract (Amendment) Act, 2019
5. Banking Act, Cap 488 of 1989 – Legal framework governing transactions through Financial Institutions under KOMEX.
Download Banking Act, Cap 488 of 1989
6. In certain instances, commodities traded under KOMEX may be subject to additional Sector/Product/Market-Specific Regulations as well as Sanitary and Phytosanitary (SPS) Regulations. You may seek clarification or additional information from KOMEX or relevant Sector Regulators on any such commodities or regulations.