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Provision text match · Kenya · en

National Payment System Act

Cap. 491A

PROVISIONS ON REGULATION AND SUPERVISION - 21. Settlement of disputes

Section 21. Settlement of disputes Section 21(1) If any Central Bank ("the Central Bank of Kenya established under the Central Bank of Kenya Act ();") settlement system participant considers itself aggrieved by a decision taken by the Central Bank ("the Central Bank of Kenya established under the Central Bank of Kenya Act ();") under any provision of this Ac

Provision text match · Kenya · en

Banking Act

Cap. 488

RESERVES AND DIVIDENDS - 19. Minimum liquid assets

denominated in convertible currencies; and for the purposes of this paragraph " bank ("a company which carries on, or proposes to carry on,banking business in Kenya but does not include the Central Bank;") abroad" means a bank ("a company which carries on, or proposes to carry on,banking business in Kenya but does not include the Central Bank;") outside Ken

Provision text match · Kenya · en

Central Bank of Kenya Act

Cap. 491

RELATIONS WITH SPECIFIED BANKS AND MICROFINANCE BANKS - 36. Loans

be known as the central bank ("a body corporate or other body of persons, carrying on, whether on their own behalf or as agent for another, banking business within the meaning of the Banking Act (), whether in Kenya or elsewhere;") rate. [Act No. 9 of 1996 , s. 15, Act No. 8 of 2004 , s. 3, Act No. 10 of 2010 , s. 73, Act No. 41 of 2013 , Sch.]

Provision text match · Kenya · en

The Banking (Credit Reference Bureau) Regulations

Legal Notice 55 of 2020

ESTABLISHMENT AND LICENSING OF BUREAUS - 8. Bank guarantees

Section 8. Bank guarantees Section 8(1) Where a bureau is licensed under these Regulations, it shall, within thirty days of being granted the licence, submit to the Central Bank an irrevocable bank guarantee of one million shillings from a bank or a microfinance bank and such form as may be specified by the Central Bank. Section 8(2) Where a bureau is requir

Provision text match · Kenya · en

Digital Health Act

Act No. 15 of 2023

CONFIDENTIALITY, PRIVACY AND SECURITY OF DATA - 26. Establishment of health data banks

Section 26. Establishment of health data banks Section 26(1)(a) establish a national health data bank and designate county health data banks; Section 26(1)(b) store the health data submitted to the system in the national health data bank; and Section 26(1)(c) establish seamless integration and interoperability of the national health data bank with other rele

Topics: data security, privacy

Provision text match · Kenya · en

Leadership and Integrity Act

Cap. 185C

GENERAL LEADERSHIP AND INTEGRITY CODE - 19. Bank accounts outside Kenya

Section 19. Bank accounts outside Kenya Section 19(1) Subject to Article 76(2) of the Constitution or any other written law, a State officer shall not open or continue to operate a bank account ("an account maintained by a bank or any other financial institution for and in the name of, or in the name designated by, a customer of the bank or other financial i

Provision text match · Kenya · en

Fisheries Management and Development (Beach Management Units) Regulations, 2024

Legal Notice 121 of 2024

FINANCIAL PROVISIONS - 50. Bank accounts

Section 50. Bank accounts Section 50(1) A beach management unit shall open such bank accounts in banks licensed by the Central Bank of Kenya, for its finances as may be necessary for the proper management of the finances of the beach management unit.

Provision text match · Kenya · en

Building Societies Act

Cap. 489

INSPECTION, PRUDENTIAL REGULATIONS AND COLLECTION OF INFORMATION BY CENTRAL BANK OF KENYA - 63A. Inspection by Central Bank

Section 63A. Inspection by Central Bank Section Notwithstanding the powers vested in the Registrar by this Act, the Central Bank or any person authorized by the Central Bank in writing may, and if so directed by the Cabinet Secretary for the time being responsible for finance shall, cause an inspection to be made of a building society and where such an inspe

Provision text match · Kenya · en

The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019

Legal Notice 134 of 2019

CAPITAL REQUIREMENTS AND LIQUIDITY MANAGEMENT - 38. Liquidity management

Section 38. Liquidity management Section 38(1)(a) adopt sound and prudent liquidity management and funding policies; and Section 38(1)(b) maintain sufficient liquid assets for meeting its maturing obligations and liabilities. Section 38(2)(a) notes and coins which are legal tender in Kenya; Section 38(2)(b) balances held at the Bank; Section 38(2)(c) balance

Provision text match · Kenya · en

The Central Bank of Kenya (Digital Credit Providers) Regulations

Legal Notice 46 of 2022

LICENSING OF DIGITAL CREDIT PROVIDERS - 5. Issuance of a licence

Section 5. Issuance of a licence Section 5(1) The Bank shall, if satisfied that the applicant meets the requirements of these Regulations, grant a licence to the applicant, within sixty days of submission of a complete application. Section 5(2)(a) the history of the applicant; Section 5(2)(b) the professional and moral suitability of the persons proposed to

Provision text match · Kenya · en

Anti-Doping Act

Cap. 245B

FINANCIAL PROVISIONS - 38. Bank accounts

Section 38. Bank accounts Section The Agency with the approval of the National Treasury shall open and maintain bank accounts in such banks in Kenya as the Agency may consider necessary.

Provision text match · Kenya · en

Advocates Act

Cap. 16

MISCELLANEOUS PROVISIONS - 82. Relief to banks

Section 82. Relief to banks Section 82(1) Subject to this section, no bank shall, in connection with any transaction on any amount of any advocate kept with it or with any other bank (other than an account kept by an advocate as trustee for a specified beneficiary) incur any liability or be under any obligation to make an inquiry, or be deemed to have any kn

Provision text match · Kenya · en

Insolvency Act

Cap. 53

BANKRUPTCY OF NATURAL PERSONS - 160. Official Receiver entitled to require bank to search records relating to bankrupt's account

Section 160. Official Receiver entitled to require bank to search records relating to bankrupt's account Section 160(1) The Official Receiver may, by notice, require a bank to search its account records by comparing the names of its customers with the names (including any aliases) of undischarged bankrupts specified in the notice or in a list that is attache

Provision text match · Kenya · en

The Central Bank of Kenya Code of Conduct and Ethics

Legal Notice 168 of 2003

PRELIMINARY - 3. Application of Code

n 3. Application of Code Section 3(1)(a) the Central Bank of Kenya; and Section 3(1)(b) banks and financial institutions licensed under the Banking Act ( Cap. 488 ) that are state corporations. Section 3(2)(a) includes the members of the board, by whatever name called, carrying out or empowered to carry out functions relating to the overall direction and man

Provision text match · Kenya · en

The Capital Markets (Derivatives Markets) Regulations

Legal Notice 37 of 2016

CONDUCT OF BUSINESS OF DERIVATIVES - 66. Segregation of clients' funds

d under subregulation (2). Section 66(4)(a) a cheque; Section 66(4)(b) a bank draft; or Section 66(4)(c) online bank transfer or via mobile banking transfer from a client designated account. Section 66(5) A derivatives broker shall immediately deposit any deposits under subregulation (4) in the Client Group Account maintained by the derivatives broker with t

Provision text match · Kenya · en

Microfinance Act

Cap. 493C

PROVISIONS RELATING TO GOVERNANCE - 12. Minimum liquid assets

Section 12. Minimum liquid assets Section 12(1) An institution shall maintain such minimum holding of liquid assets as may be prescribed by the Central Bank . Section 12(2)(a) notes and coins which are legal tender in Kenya; Section 12(2)(b) balances held at banks after deducting therefrom any balance owed to those banks; Section 12(2)(c) treasury bills and

Provision text match · Kenya · en

The Digital Health (Data Exchange Component) Regulations, 2025

Legal Notice 77 of 2025

ENTERPRISE SERVICE BUS - 10. Maintenance of health data banks.

Section 10. Maintenance of health data banks. Section 10(1) The national health data bank and county health data bank established and designated under section 26(1)(a) of the Act, respectively, shall comprise of centralized information systems that shall collate minimum data set at client level and aggregate data processed by certified digital health solutio

Provision text match · Kenya · en

The Companies (General) Regulations

Legal Notice 239 of 2015

PROVISIONS RELATING TO DIRECTORS - 34. Provisions applicable to company that is, or if its subsidiary undertaking, is a bank

Section 34. Provisions applicable to company that is, or if its subsidiary undertaking, is a bank Section 34(1) If a company is a bank, the notes to the financial statement of the company for a financial year are required to include a statement showing the amounts calculated in accordance with paragraph (2). Section 34(2)(a) a director of the company or of i

Provision text match · Kenya · en

Railway City Development Authority Order

Legal Notice 88 of 2020

ESTABLISHMENT OF THE AUTHORITY - 12. Powers of theBoard

Section 12. Powers of theBoard Section open a bank account in a bank licensed by the Central Bank of Kenya for the funds of the Authority ("the Railway City Development Authority established under paragraph 5 (1);") ;

Provision text match · Kenya · en

Evidence Act

Cap. 80

Part II – COMPELLABILITY AND PRIVILEGES OF WITNESSES - 140. Bankers’ books.

Section 140. Bankers’ books. Section 140(1) A bank, or officer of a bank, shall not, in any legal proceedings to which the bank is not a party, be compelled to produce any banker’s book the contents of which can be proved under the provisions of Chapter VII. Section 140(2) No bank or officer of a bank shall be summoned or called as a witness to prove any mat