ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements) (General) Regulations
44. Financial requirements
Edition: 2023-10-06 · In force
44. Financial requirements
(1)The level of paid-up share capital shall not fall below two hundred and fifty million shillings at any time during the licence period and in addition, shareholders’ funds (paid up share capital and Reserves) shall at no time fall below two hundred and fifty million shillings:Provided that any investment bank whose paid-up share capital is below the required amount at the time of commencement of this paragraph shall comply by the 31st December 2010.(2)The minimum paid-up share capital shall always be unimpaired and shall not be advanced to the directors or associates of the investment bank.(4)An investment bank shall maintain a liquid capital of thirty million or eight per cent of its total liabilities, whichever is higher.