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

6. Suspension or revocation of licence

Edition: 2022-12-31 · In force

6. Suspension or revocation of licence

(1)A foreign exchange bureau shall—

(a)submit, not later than three months after the end of its financial year, to the Central Bank of Kenya, its annual audited accounts and a copy of the auditor’s report in the prescribed form;

(b)furnish, at such time and manner as the Central Bank of Kenya may direct and require, any information in an accurate and complete manner to discharge its functions under the Act; and

(c)comply with such guidelines as may be issued by Central Bank of Kenya through circulars.

(2)The Central Bank may suspend or revoke the licence of a foreign exchange bureau which contravenes subregulation (1).

← Previous provision Next provision →

Source: Kenya Law