Regulatory Alerts2015-07-24 | 2088701732Banking Circular No 3 of 2015 - Foreign Exchange Dealing with Unauthorized Dealers-Brokers
The Central Bank of Kenya has authorized ICAP Voice Brokers to operate in the Kenyan foreign exchange market, allowing commercial banks to utilize their services. The bank is also engaging with other Voice Broking Service Providers and will announce their approval to operate once finalized. This information is conveyed in Banking Circular No. 4 of 2015, addressed to all chief executives of commercial banks and authorized foreign exchange dealers/brokers.
BANKI CENTRAL BANK OF KUU YA KENYA KENYA Haile Selassie Avenue P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 BANKING CIRCULAR NO 4 OF 2015 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS AUTHORISED FOREIGN EXCHANGE DEALERS /BROKERS This is to inform you that the Central Bank of Kenya has authorized ICAP Voice Brokers to operate in the Kenya foreign exchange market and commercial banks may therefore use the services of ICAP.
In the meantime, the Central Bank of Kenya continues to engage other Voice Broking Service Providers and will inform the market once they are approved to operate.
GERALD A. NYAOMA DIRECTOR, FINANCIAL MARKETS 28 May 2015