ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements) (General) Regulations
16. Stockbrokers’ financial requirements
Edition: 2023-10-06 · In force
16. Stockbrokers’ financial requirements
(1)The level of shareholders’ funds (paid up share capital and reserves) for stock brokers 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 stockbroker.(3)A stock broker shall maintain a liquid capital of thirty million shillings or eight per cent of is total liabilities, whichever is higher.