ADVOKS GLOBAL · KENYA
The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
39. Preparation of annual financial statements
Edition: 2022-12-31 · In force
39. Preparation of annual financial statements
A market intermediary shall, at the end of its financial year, prepare in accordance with International Financial Reporting Standards annual financial statements that consist of—(a)a statement of financial position, that gives a true and fair view of the state of affairs of the market intermediary, as at the last day of the financial year;(b)a statement of comprehensive income, that gives a true and fair view of the market intermediary’s profit or loss for the financial year;(c)a statement of changes in owners’ equity;(d)a statement of cash flows;(e)a description of the accounting policies which the market intermediary has applied and adopted while preparing the financial statements; and(f)notes on financial statements explaining the various items that appear in the financial statements under this Regulation.