ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements) (General) Regulations
30. Financial requirements
Edition: 2023-10-06 · In force
30. Financial requirements
(2)The level of shareholders funds (paid-up share capital and reserves) for fund managers, shall not fall below ten million shillings at any time during the licence period.(3)The paid-up share capital fund manager shall always be unimpaired and shall not be advanced to the directors or associates fund manager.(4)A fund manager shall maintain a liquid capital of five million shillings or eight per cent of its total liabilities, whichever is higher.