ADVOKS GLOBAL · KENYA
The Companies (Beneficial Ownership Information) Regulations
13. Disclosure by the company
Edition: 2023-10-19 · In force
13. Disclosure by the company
(1)A company shall not use or disclose any information about its beneficial owner except—(a)for communicating with the beneficial owner concerned;(b)in order to comply with any requirement of these Regulations;(c)in order to comply with the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A) and its Regulations;(d)in order to comply with the Prevention of Terrorism Act (Cap. 59B) and its Regulations; or(e)in order to comply with a court order.(2)Notwithstanding subregulation (1), information relating to a beneficial owner may be disclosed by a company —(a)with written consent of the beneficial owner;(b)to the procuring entity, where the company participates in public procurement and assets disposal under the Public Procurement and Asset Disposal Act (Cap. 412C);(c)to the contracting authority, where the company participates in a public private partnership arrangement under the Public Private Partnership Act (Cap. 430);(d)to financial institutions for the purposes of entering into a relationship with the institution.