ADVOKS GLOBAL · KENYA
The Banking (Credit Reference Bureau) Regulations
12. Annual license fee
Edition: 2022-12-31 · In force
12. Annual license fee
(1)In this regulation, "anniversary date" means the period ending on the 31st December of each year.(2)A bureau shall be required to pay to the Central Bank an annual licence fee of one hundred thousand shillings.(3)The annual licence fee shall be paid on or before the anniversary date.(4)Where a bureau fails to pay the annual license fee by the end of the anniversary date, it shall pay a fee of two hundred thousand shillings within ninety days from the end of the anniversary date.(5)The Central Bank shall revoke the license of a bureau that fails to pay the annual license fee and, in the case of such failure, the fee prescribed by paragraph (4).