ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements)(General) Regulations, 2025
39. Financial requirements and related companies.
Edition: 2025-12-11 · In force
39. Financial requirements and related companies.
(1)The level of shareholders’ funds (paid up share capital and reserves) for fund managers, shall not fall below twenty million shillings at any time during the license period.(2)A custodian of an investment portfolio may in relation to the fund manager be a related company.(3)Where a fund manager invests in a related company, that investment shall be limited to ten percent of the total funds managed by the fund manager.(4)In this regulations, “related company” means a holding company or a subsidiary company or a company deemed to be otherwise under control of substantially the same persons or consist substantially of the same shareholders.