The Banking (Fees) Regulations

Legal Notice 188 of 1994

This is the latest version of this Legal Notice.
Citation
Legal Notice 188 of 1994
Primary work
Banking Act
Date
Language
English
Type
Legal Notice
Related documents
LAWS OF KENYA

BANKING ACT

THE BANKING (FEES) REGULATIONS

LEGAL NOTICE 188 OF 1994

  • Commenced on 17 June 1994
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
1.These Regulations may be cited as the Banking (Fees) (Amendment) Regulations and shall come into operation on the 17th June, 1994.
2.The fees specified in the Schedule shall be payable prior to the granting of a licence to an institution to carry on business under the Act.
3.The Banking (Fees) Regulations, 1991 (LN. 240/1991) are revoked.

SCHEDULE [r. 2]

FEESKSh.
1.(a)On the granting of a licence to an institution and each anniversary thereof .................................................400,000
 (b)Additionally, in respect of each branch of an institution within a municipality .........................................150,000
 (c)Additionally, in respect of each branch of an institution within a town council area ......................................100,000
 (d)Additionally in respect of an urban council area .......................30,000
2.On application for a licence to conduct business or open a branch of an institution .............................................5,000
3.(a)On application for an authority to establish a representative office .......................5,000
 (b)On granting of an authority to a representative office and each anniversary thereof ....................................................20,000
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31 December 2022 this version
17 June 1994
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