ADVOKS GLOBAL · KENYA
Investment and Financial Analysts Act
36. Offences
Edition: 2022-12-31 · In force
36. Offences
(1)A person who—(a)assumes or uses the title or designatory letters referred to in section 4(1) and who is not a qualified member of the Institute of Certified Investment and Financial Analysts; or(b)assumes or uses the title or designatory letters referred to in section 4(2)(a) and who is not a Fellow of the Institute of Certified Investment and Financial Analysts; or(c)assumes or uses the title or designatory letters referred to in section 4(2)(b) and who is not a member of the Institute of Certified Investment and Financial Analysts;(d)assumes or uses the title or designatory letters referred to in section 4(2)(c) and who is not a member of the Institute of Certified Investment and Financial Analysts;(e)assumes or uses the title "Honorary Fellow of the Institute of Certified Investment and Financial Analysts" and who is not such Honorary Fellow; or(f)otherwise falsely assumes or uses any title or designatory letters prescribed by the Cabinet Secretary,commits an offence.(2)A corporate body (whether incorporated in Kenya or elsewhere) which falsely uses any of the titles or designatory letters referred to in section a 4(2)(a), (b) or (c) commits an offence.(3)Where a firm uses the title or designatory letters referred to in section 4(2) while each of the partners in the firm are entitled to use the title or designatory letters, each of the partners of the firm commits an offence.(4)A person who commits an offence under this section is liable on conviction to a fine not exceeding five hundred thousand shillings, and, in the case of a continuing offence, a further fine not exceeding one million shillings for each day on which the offence continues.