Retirement Benefits Act

29. Duration and renewal of certificates

Edition: 2025-06-20 · In force

29. Duration and renewal of certificates

(1)Subject to this Act, a certificate of registration issued in respect of a scheme shall be valid from the date of issue and shall remain in force until the scheme is deregistered or wound up in accordance with the scheme rules or the provisions of the written law under which the scheme is established.

(2)A certificate of registration issued to a manager, corporate trustee, custodian or administrator shall be valid from the date of issue and shall, unless suspended or revoked, remain valid.

(3)A manager, corporate trustee, custodian or administrator shall pay such annual fee as may be prescribed by the Authority.

(4)A manager, corporate trustee, custodian or administrator shall submit current audited financial statements, a list of the directors and top management, any changes in clientele and such further information as the Authority may request by the 30th September of every year.

(5)A manager, corporate trustee, custodian or administrator shall communicate to the Authority any changes in shareholding, directorship or top management within thirty days after the change has occurred.

(Act No. 7 of 1998, s. 9, Act No. 2 of 2006, s. 10, Act No. 38 of 2016, s. 46, Act No. 8 of 2021, s. 66)

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Source: Kenya Law