ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
12. Investment advisor licenses.
Edition: 2025-12-11 · In force
12. Investment advisor licenses.
(1)A person shall not engage in the business of an investment adviser or holdout as an investment adviser unless the person holds a license from the Authority.(2)An application for the licence referred to under subregulation (1) shall be submitted to the Authority in Form 1 as set out in the First Schedule.(3)The application under regulation 12(2) shall be accompanied by—(a)certificate of incorporation;(b)articles and memorandum of association documents;(c)evidence of adequate financial resources to operate the business to which the license relates;(d)a business plan containing the particulars as stated in the Second Schedule of these Regulations;(e)the particulars of the proposed operating and information technology system where applicable;(f)evidence of professional indemnity insurance of a value not less than five hundred thousand shillings;(g)a registered office as approved by the Authority;(h)staff capable of providing professional services to clients in the field of activity to which the license relates or evidence acceptable to the Authority that such staff will be available;(i)the proposed independent auditor;(j)the fees prescribed in the Sixth Schedule.