Section 14. Qualification for appointment as Chief Executive Officer Section 14(1)(a) has a minimum of a master’s degree from a university recognized in Kenya; Section 14(1)(b) has at least ten years' knowledge and experience in health insurance, health financing, health economics, healthcare administration or any other relevant field; Section 14(1)(c) has served in a management level for a period of at least five years; Section 14(1)(d) has not been convicted of an offence and is not serving a term of imprisonment; and Section 14(1)(e) meets the requirements of Chapter Six of the Constitution. Section 14(2) The Chief Executive Officer shall, subject to the directions of the Board , be responsible for the day to day management of the affairs and staff of the Board . Section 14(3) The Chief Executive Officer shall be administrator of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act. Section 14(4)(a) open and operate such banks with the approval of the Board and the National Treasury; Section 14(4)(b) supervise and control the day-to-day administration of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act; Section 14(4)(c) in consultation with the Board , develop such policies as may be necessary for the attainment of the objects of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act; Section 14(4)(d) consult with the Board on matters relating to the administration of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act; Section 14(4)(e) cause to be kept books of accounts and other books and records in relation to the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act of all activities and undertakings financed from the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") ; Section 14(4)(f) with the approval of the Board , enter into and sign contracts or agreements in furtherance of the objects of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act; Section 14(4)(g) prepare, sign and transmit to the Auditor-General, in respect of each financial year and within three months after the end thereof, a statement of accounts relating to the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act and showing the expenditure incurred from the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") , and such details as the Public Sector Accounting Standards Board may prescribe from time to time, in accordance with the provisions of the Public Finance Management Act, ( No. 18 of 2012 ) and the Public Audit Act, ( No. 34 of 2015 ); Section 14(4)(h) prepare quarterly and annual financial and non-financial reports in a format prescribed by the Public Sector Accounting Standards Board and submit the same to the National Treasury with copies to the Controller of Budget and the Commission on Revenue Allocation; and Section 14(4)(i) implement any recommendations from the Board for policy guidance in furtherance of the objects and purpose of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") established under this Act. Section 14(5) The existing government financial and procurement regulations shall, to the extent they relate to the administration of public funds established under the Public Finance Management Act, ( No. 18 of 2012 ) apply in the administration of the Primary Healthcare Fund, the Social Health Insurance Fund and the Emergency, Chronic and Critical Illness Fund. Section 14(6) The administrator of the Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") under sub-section (3), shall ensure that the monies held in the Primary Healthcare Fund , the Social Health Insurance Fund and the Emergency, Chronic and Critical Illness Fund , including any earnings or accruals, are spent only for the purposes for which these Funds ("the Primary Healthcare Fund established under, the Social Health Insurance Fund established underand the Emergency, Chronic and Critical Illness Fund established under;") are established.