The Capital Markets Authority (CMA) has approved new trading rules for troubled firms listed on the Nairobi Securities Exchange (NSE) in the latest changes seeking to enhance the operations of a special board established to host companies grappling with financial and governance challenges.
The changes include a reduction in the daily trading limit for stocks of troubled firms from 10 percent to five percent and introduction of the special board known as recovery board (RB) in every market segment (Main Investment Market Segment (MIMS) and the Small and Medium-sized Enterprises (SME).
