Central Bank of Kenya Act

33C. Renewal of licence

Edition: 2026-07-24 · In force

33C. Renewal of licence

(1)A licence issued under section 33B may on expiry be renewed for a further period of twelve months:Provided that where an authorized dealer fails to commence business in Kenya within six months of the grant of a licence, the authorized dealer shall, if still intending to transact foreign exchange business in Kenya, apply for a licence as though the first licence had never been granted.

(2)An application for the renewal of a licence shall—

(a)be made in the prescribed form and forwarded to the Bank together with the prescribed fee;

(b)be lodged with the Bank at least two months prior to the expiry of the licence.

(3)An application for renewal of a licence shall be considered in accordance with the provisions of section 33B.[Act No. 10 of 1995, s. 6.]

← Previous provision Next provision →

Source: Kenya Law