Regulatory Alerts2025-05-16
Securities (Accounting and Financial Requirements) Rules
The Securities Commission promulgated these rules to mandate comprehensive accounting, financial reporting, and customer fund protection for licensed dealers and investment advisers. Licensees are required to maintain accurate daily accounting records, reconcile customer money bi-monthly, and submit audited annual financial statements that provide a true and fair view. The framework further enforces a minimum net capital of K50,000,000 and a 10 percent liquidity margin while defining auditor qualifications, independence criteria, and associated penalties.
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