Regulatory Alerts2015-07-24
Banking Circular No 4 of 2015 - Authorized Foreign Exchange Dealers-Brokers
The Central Bank of Kenya has authorized ICAP Voice Brokers to operate in the Kenyan foreign exchange market, and commercial banks may now utilize their services. Further engagements with other potential service providers are ongoing, and the Central Bank will notify the market once they have been approved to operate. This update was communicated on May 28, 2015 by Gerald A. Nyaoma, Director of Financial Markets.
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