Brokers Act

3. Licence required

Edition: 2022-12-31 · In force

3. Licence required

(1)No person shall carry on the trade of a broker, money-changer, goldsmith or silversmith, save as hereinafter provided.

(2)A person desirous of carrying on any of the trades mentioned in subsection (1) shall first obtain a licence from the licensing authority of the district in which he intends to trade, and shall pay such fee as the Cabinet Secretary may, by order, prescribe in respect of that trade.

(3)The licensing authority may refuse to grant a licence without assigning any reason but shall record reasons for the information of the Cabinet Secretary.

(4)Every licence granted under this Act shall be valid for a period of three years from the date of issue.[Act No. 20 of 1962, s. 13, L.N. 462/1963, Act No. 21 of 1966, 1st Sch., Act No. 17 of 2006, s. 116.]

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Source: Kenya Law