ADVOKS GLOBAL · KENYA
The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations
41. Submission of annual financial statements
Edition: 2022-12-31 · In force
41. Submission of annual financial statements
(1)A market intermediary shall submit to the Authority, within three months after the end of each financial year, its auditor’s report together with—(a)its annual financial statements; and(b)a written confirmation that it has complied with these Regulations and any other additional requirements of the Authority.(2)Where an auditor’s report on a market intermediary is qualified on grounds of the auditor’s uncertainty on the completeness or accuracy of the accounting records, the report shall, when it is being submitted by the market intermediary to the Authority, be accompanied by a written statement signed by two directors stating whether—(a)all the accounting records of the market intermediary were made available to the auditor for the purposes of its audit;(b)all transactions undertaken by the market intermediary were properly reflected and recorded in its accounting records; and(c)all the other records of the market intermediary and related information were made available to the auditor.