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The Banking (Licences) (Forms and Fees) Regulations

Legal Notice 116 of 1969

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The Banking (Licences) (Forms and Fees) Regulations
Citation
Legal Notice 116 of 1969
Primary work
Banking Act
Date
Language
English
Type
Legal Notice
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LAWS OF KENYA

BANKING ACT

THE BANKING (LICENCES) (FORMS AND FEES) REGULATIONS

LEGAL NOTICE 116 OF 1969

  • Published in Kenya Gazette Vol. LXXI—No. 18 on 25 April 1969
  • Commenced on 25 April 1969
  1. [Amended by Banking (Licences) (Forms and Fees) (Amendment) Regulations, 2011 (Legal Notice 57 of 2011) on 10 June 2011]
  2. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]

1. Citation

These Regulations may be cited as the Banking (Licences) (Forms and Fees) Regulations..

2. Applications for licences

An application for the grant of a licence by a bank or financial institution shall be submitted in duplicate in the appropriate form set out in the First Schedule and shall be accompanied by such statements as the bank or financial institution considers necessary in support of its application.

3. Form of licence

A licence granted to a bank or financial institution shall be in the appropriate form set out in the Second Schedule.

4. Fees for licences

The licence fee shall be sent to the Central Bank of Kenya accompanied by a licence fee payment voucher in duplicate in the appropriate form set out in the Third Schedule.[L.N. 57/2011, r. 2.]

5. Other fees

The fees specified in the Fourth Schedule shall be payable for the various matters set out therein.

FIRST SCHEDULE [r. 2]

FORMS A AND B

FORM A
APPLICATION FOR A LICENCE TO CONDUCT BANKING BUSINESS
.............................. (name of bank) of ............................. (address) hereby applies for a licence to carry on a banking business.

Particulars

1.Country of incoporation .....................................................
2.Situation of registered office ..................................................
3.Situation of principal office in Kenya ..................................
4.List of places of business in Kenya-.......................................................................................................................................................................................
5.Details of capital—
(a)nominal value ....................................................
(b)paid-up value ......................................................
6.The number of years that the bank has been established and has conducted or carried on banking business—
(a)in country of incorporation ............................................................
(b)in Kenya ...............................................................................
(c)in other countries ....................................................................................................................................................................
7.Names and addresses of directors................................................................................
8.Name and address of General Manager or Superintendent for Kenya..............................................................................Date ...........................................
..................................................................(Signature of a director of the bank or thegeneral manager or superintendent for Kenya)
Note.—This application must be accompanied by balance sheets and profit and loss accounts for each of the five years preceding the date of this application.

_____________________________________

FORM B
APPLICATION FOR A LICENCE TO CONDUCT BUSINESS OF A FINANCIAL INSTITUTION
................................ (name of financial institution) of .............................................. (address) hereby applies for a licence to carry on a business of a financial institution.

Particulars

1.Country of incorporation .....................................................................
2.Situation of registered office ................................................................
3.Situation of principal office in Kenya ...............................................
4.List of places of business in Kenya—..........................................................................................................................................................................................................................
5.Details of capital—
(a)nominal value .........................................................
(b)paid-up value ...........................................................
6.The number of years that the financial institution has been established and has conducted or carried on business of a financial institution—
(a)in country of incorporation ........................................................
(b)in Kenya ............................................................
(c)in other countries .....................................................
7.Names and addresses of directors..............................................................................................................................................................................................................
8.Name and address of General Manager or Superintendent for Kenya......................................................................................................................................................................................................Date .........................................
 
....................................................................(Signature of a director of the bank or thegeneral manager or superintendent for Kenya)
 
Note.—This application must be accompanied by balance sheets and profit and loss accounts for each of the five years preceding the date of this application.

SECOND SCHEDULE [r. 3]

FORMS B AND C

[L.N. 57/2011, r. 3]
FORM C 
LICENCE TO CONDUCT A BANKING BUSINESS 
THIS LICENCE is granted to— ..................................... (name of bank) of .................................. (address) and authorizes the said bank to conduct or carry on banking business in Kenya.This licence is issued subject to the provisions of the Banking Act and to the conditions endorsed hereon.
CONDITIONS
Dated this ..................... day of ............................LICENCE NO. .......................................
   
  .........................................Central Bank of Kenya

__________________________

FORM D
LICENCE TO CONDUCT THE BUSINESS OF A FINANCIAL INSTITUTION
[L.N. 57/2011, s. 3.]THIS LICENCE is granted to— ..................................... (name of financial institution) of ............................................. (address) and authorizes the said financial institution to conduct or carry on business of a financial institution in Kenya.This licence is issued subject to the provisions of the Banking Act and to the conditions endorsed hereon.
 
 
 
CONDITIONS
Dated this ..................... day of ............................LICENCE NO. .......................................
  .........................................Central Bank of Kenya

THIRD SCHEDULE [r. 4]

FORMS E AND F

FORM E[L.N. 57/2011, r. 4.]
LICENCE FEE PAYMENT VOUCHER (BANK)
............................................................ (name of bank) of ........................................ (address) hereby encloses the fee of ..................................... for*the grant of a licence____________the annual renewal ofLicence No.
  
Dated ...........................................................................................(Signed)
FOR OFFICIAL USE
Receipt
Received the fee of ......................... in respect of Licence No. ................. for the twelve month period ............................ until .............................Dated ....................................
  .........................................Central Bank of Kenya
Note.—This form must be forwarded to the Central Bank of Kenya in duplicate.* Delete whichever is inapplicable.

__________________________

 
 
FORM F
 
[L.N. 57/2011, r. 4.]
LICENCE FEE PAYMENT VOUCHER (FINANCIAL INSTITUTION)
.......................................... (name of financial institution) of ............................. (address) hereby encloses the fee of ........................ for*the grant of a licence__________________the annual renewal ofLicence No.
Dated ................................................................(Signed)
 
For Official Use
Receipt
Received the fee of ............................... in respect of Licence No. ..................... for the twelve month period ......................... until ...............................Dated ....................................
  .........................................Central Bank of Kenya
Note.—This form must be forwarded to the Central Bank of Kenya in duplicate.* Delete whichever is inapplicable.

FOURTH SCHEDULE [r. 5]

FEES

Matter for which fee payable Sh. cts.
For inspecting statements or other documents ...............1000
For copies or extracts from statements or other documents,other than licences—
(i)if certified, per folio of 100 words or part thereof .................1000
(ii)if not certified, per folio of 100 words or part thereof ............500
For copies of licences—  
(i)if certified .......................1000
(ii)if not certified .........................500
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History of this document

31 December 2022 this version
10 June 2011
Read this version
25 April 1969
Published in Kenya Gazette 18
Commenced