KENYA CONTENTS
6.7 Rules of Payment for Order Flow p.474 6.8 Market Integrity Principles p.474 7. High-Frequency and Algorithmic Trading p.475 7.1 Creation and Usage Regulations p.475 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.475
7.3 Regulatory Distinction Between Funds and Dealers p.475 7.4 Regulation of Programmers and Programming p.475 8. Insurtech p.475 8.1 Underwriting Processes p.475 8.2 Treatment of Different Types of Insurance p.475 9. Regtech p.476 9.1 Regulation of Regtech Providers p.476 9.2 Contractual Terms to Ensure Performance and Accuracy p.476 10. Blockchain p.476 10.1 Use of Blockchain in the Financial Services Industry p.476 10.2 Local Regulators’ Approach to Blockchain p.476 10.3 Classification of Blockchain Assets p.476 10.4 Regulation of “Issuers” of Blockchain Assets p.477 10.5 Regulation of Blockchain Asset Trading Platforms p.477 10.6 Staking p.477
10.7 Crypto-Related Lending p.477 10.8 Cryptocurrency Derivatives p.478 10.9 Decentralised Finance (DeFi) p.478 10.10 Regulation of Funds p.478 10.11 Virtual Currencies p.478 10.12 NFTs p.478 10.13 Stablecoins p.478 11. Open Banking p.479 11.1 Regulation of Open Banking p.479 11.2 Concerns Raised by Open Banking p.479 12. Fraud p.479 12.1 Elements of Fraud p.479
12.2 Areas of Regulatory Focus p.479 12.3 Responsibility for Losses p.479
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