ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
14. Algorithm-driven investment advice
Edition: 2025-12-11 · In force
14. Algorithm-driven investment advice
Where an investment advisor offers investment advisory services using a digital platform that provides automated, algorithm-driven investment advisory services, the applicant shall, in addition to complying with the requirements under regulations 12 and 13 have—(a)its principal bank account in Kenya;(b)adequate capital and resources necessary for the efficient conduct of its business and operations;(c)adequate, secure and reliable systems for the proper functioning of its platform;(d)documented and robust processes, methodologies, and procedures in respect of the platform;(e)a risk management framework to identify, manage and mitigate risks in relation to the proper functioning of the platform;(f)client on-boarding procedures and checklist; and(g)data protection policy that seeks to—(i)establish appropriate safeguards for ensuring the integrity of data on its platform;(ii)ensures security and confidentiality of information;(iii)keep copies of all relevant documents for a period of at least seven years; and(iv)ensures confidentiality and privacy of information.