The Capital Markets (Licensing Requirements)(General) Regulations, 2025

28. Financial requirements of stockbrokers

Edition: 2025-12-11 · In force

28. Financial requirements of stockbrokers

(1)A stockbroker shall have a paid-up share capital of a minimum amount of fifty million shillings and the level of shareholders’ funds (paid up share capital and reserves) shall not fall below fifty million shillings at any time during the license period.

(2)The minimum paid up share capital shall always be unimpaired and shall not be advanced to the directors or associates of the licensee.

(3)A stockbroker shall maintain a liquid capital of thirty million shillings or eight per cent of its total liabilities, whichever is higher.

← Previous provision Next provision →

Source: Kenya Law