Central Depository & Settlement Corporation(CDSC )

The Central Depository & Settlement Corporation Limited (CDSC) is a limited liability Company approved by the Capital Markets Authority under Section 5 of the Central Depositories Act, 2000 to establish and operate a system for the central handling of deliveries and settlement of securities in the Capital Markets in Kenya. CDSC establishes and operates a central depository system and provide central clearing, settlement and depository services for securities initially in Kenya in respect to securities listed on the Nairobi Securities Exchange.

OPENING A CDSC ACCOUNT

As per the Capital Markets Authority regulations, you are also required to fill in a CDSC Account Application Form which can also be downloaded from this page. To complete the CDSC form, please follow the guide below.

REQUIREMENTS FOR OPENING A CDS ACCOUNT

For Individuals:

  • Two (2) colour passport photographs (not older than 1 year)
  • Original and Copy of ID/ Passport – (For investors out of Kenya, a notarised copy of passport or ID will suffice)
  • A copy of PIN Certificate
  • A copy of Utility Bill
  • A correctly filled out CDS Account Opening Form (CDS 1)

For Companies:

  • ID/Passport Copies of all directors
  • Copy of PIN Certificates for directors
  • 2 colour passport photographs of each director
  • Copy of Certificate of Incorporation
  • Company Registration Number
  • Company Seal (all CDS forms should be sealed)
  • A correctly filled out CDS Account Opening Form
  • Memorandum of Articles
  • Resolution specifying whois authorized to act on behalf of the company

For Business Name:

  •  ID/Passport Copies of all Proprietors
  • 2 colour passport photographs of each Proprietor
  • Copy of Business Registration Certificate
  • Company Stamp (all CDS forms should be stamped)
  • A correctly filled out CDS Account Opening Form

For Self Help Groups

  •  Minutes from the group appointing the signatories
  •  ID/Passport Copies of all appointed signatories
  • 2 colour passport photographs of each Signatory
  • Copy of Registration Certificate
  • Company Stamp (all CDS forms should be stamped)
  • A correctly filled out CDS Account Opening Form