ADVOKS GLOBAL · KENYA
The Capital Markets (Licensing Requirements) (General) Regulations
51. Renewal of licence
Edition: 2023-10-06 · In force
51. Renewal of licence
(1)An application for the renewal of a licence shall be submitted to the Authority in Form 1 set out in the First Schedule by the 30th of November of each year.(2)The application under paragraph (1) shall be submitted together with—(a)the fees set out in the Second Schedule;(b)where the application is for the renewal of a licence, management accounts for the period up to 30th November of each year not later than the 15th December in the same year.(3)Authorised securities dealers shall submit the annual accounts and report the dealings operations as may be required by the Authority.(4)The audited accounts for each year shall be submitted to the Authority not later than the 31st day of March.(4A)The financial year of every licensed person shall be the period of twelve months ending on the 31st December in each year:Provided that where the financial year of a licensed person is different from that prescribed in this paragraph at the commencement of this paragraph, the licensed person shall comply therewith within twelve months of such commencement.