Capital Markets Authority(CMA) has received notification from Ace Financial Advisory Services of its intentions to cease operations.
The Authority has accepted the revocation request and has given the public 45 days window to raise any unresolved or outstanding issues with the firm.
In a Gazette notice, CMA Chief Executive Wycliffe Shamiah said that the license would stand revoked upon expiry of this period and with no notification received on any outstanding issues.
Ace Financial Advisory Limited, based in Mombasa, received its license to offer investment advisory on 29th June 2018.
The financial services firm was established based on Islamic Sharia Compliant modes of finance ideals, personal financial planning, and value-based Investment.