The Central Bank of Kenya (Foreign Exchange Business) Regulations, 2007

5. Permission for certain enterprises

Edition: 2022-12-31 · In force

5. Permission for certain enterprises

(1)Any person who—

(a)is licensed under the Tourism Act (Cap. 381) to carry on any registered tourist enterprise; or

(b)owns or operates a duty free shop; or

(c)by the nature of his business, requires to transact regularly in foreign currency,

may, pursuant to the provisions of section 33A(3) of the Act on application, be permitted to receive foreign currency which shall be deposited with an authorised bank or sold to an authorised dealer.

(2)An application under subregulation (1) shall be in Form CBK/FXD/3 in the Schedule.

(3)The Bank may require the applicant to supply such additional information in support of the application as it may consider necessary.

(4)The Bank’s permission under this Regulation shall be in CBK/FXD/4 in the Schedule.

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Source: Kenya Law