This update aligns the Nairobi Coffee Exchange (NCE) with the following regulatory framework:

• Capital Markets (Coffee Exchange) Regulations, 2020
• Capital Markets Act (Cap 485A)
• Nairobi Coffee Exchange Trading Rules

The amendments strengthen transparency, settlement efficiency, and regulatory oversight for all participants.

• All auction trades must be settled through the Direct Settlement System (DSS).
• Buyers must remit full payment by the Prompt Date (not later than five working days after auction unless otherwise specified).
• Settlement proceeds are distributed net of statutory deductions and approved charges.
• Late settlement constitutes default under NCE Trading Rules.
• Default may result in suspension, interest penalties, or regulatory action.

• DSS provider must submit monthly and annual operational reports to NCE.
• NCE must maintain transaction records for audit and CMA oversight.
• Licensed brokers and market intermediaries must comply with CMA reporting obligations.
• Service providers must submit authenticated claims within prescribed timelines.
• Persistent non-compliance may be escalated to CMA.

• The Exchange may suspend defaulting members.
• CMA may impose sanctions under the Capital Markets Act.
• The update enhances financial discipline and market integrity.

• Capital Markets Act (Cap 485A)
• Capital Markets (Coffee Exchange) Regulations, 2020
• Nairobi Coffee Exchange Trading Rules