ADVOKS GLOBAL · KENYA
The Capital Markets (Online Foreign Exchange Trading) Regulations
15. Continuing obligations
Edition: 2023-10-06 · In force
15. Continuing obligations
(1)As a condition of continued licensing as a dealing or non-dealing online foreign exchange broker or money manager, respectively, an online foreign exchange broker or money manager shall, within fifteen days of the end of every month, submit to the Authority, in the form prescribed by the Authority, a certified copy of—(a)the details of any customer complaints and resolution status;(b)evidence of daily reconciliations;(c)for the money-manager, reports on the total funds under management;(d)a full set of monthly management accounts; and(e)risk-based capital adequacy returns.(2)In addition to the documents required under paragraph (1), the Authority may require an online foreign exchange broker or a money manager to provide such other documents as the Authority may consider necessary.(3)An online foreign exchange broker or a money manager shall, on a monthly basis or at such other intervals as the Authority may specify, submit to the Authority a summary of traded volumes per currency, in the prescribed form.