Banking Act

32B. Examination and control of Groups

Edition: 2024-12-27 · In force

32B. Examination and control of Groups

The Central Bank may upon receipt of a report under section 32(5)—

(a)require changes to the legal or management structure of a group or banking group if it determines that such structures in their current form constitute an impediment to the discharge of the Central Bank’s supervisory responsibilities; and

(b)require a group or banking group to retain a single auditor to provide an overall review of the group or banking group, including such consolidated financial statements as the Central Bank may prescribe.

[Act No. 57 of 2012, s. 48.]

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Source: Kenya Law