ADVOKS GLOBAL · KENYA
Investment and Financial Analysts Act
21. Definition of practice
Edition: 2022-12-31 · In force
21. Definition of practice
(1)Subject to this section, a person practices as an investment and financial analyst for the purpose of this Act if, in consideration of remuneration or other benefits received or to be received and whether by himself or in partnership with any other person, such person—(a)engages in the practice of investment and financial analysis or holds himself out to the public as a person entitled to do so;(b)offers to perform or performs services involving investment advice or financial decisions, investment transactions, books, accounts or records;(c)offers to perform or performs services involving the verification or certification of investments and related advice; or(d)engages in any practice, or performs or offers to perform any services, which may be prescribed.(2)A salaried employee of the Government or of any other person does not practice as an investment and financial analyst by reason only of doing, in his capacity as such employee, any of the acts referred to in subsection (1).(3)An advocate, a professional secretary, a professional accountant or a person authorised to do so by or under any written law, may only undertake the work of an investment consultant or investment advisor or a financial consultant in the course of practising their profession.