Regulatory Alerts2012-05-30
Guidelines On Financial Resource Requirements For Market Intermediaries
These guidelines mandate that market intermediaries in Kenya maintain strictly defined minimum levels of paid-up share capital and liquid capital to enhance risk-based supervision. Licensed entities must perform regular, accurate calculations of their financial resources, apply specified haircut percentages to various asset classes, and account for liabilities on a gross basis. Intermediaries are strictly required to notify the Capital Markets Authority immediately if they fail to meet these thresholds or encounter significant financial or operational instability.
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