A securities account with the Central Depository and Settlement Corporation may be suspended on various grounds or circumstances e.g.
• The entire issue has been suspended by the regulatory authorities e.g. Capital Markets Authority.
• Notice of the investor‟s death.
• Instigation of the investor.
• Its existence is contract to public policy e.g. contrary to national security.
• The account was created illegally or unlawfully.
• The shares have been pledged as a security.
• Pursuant to a court order.
• Instigation of the Capital Market Authority or the Nairobi Stock Exchange.
Explain to a new shareholder of a central depository account the circumstances in which a central depository securities account may be suspended
