Central Bank of Kenya Act

33Q. Powers of the Bank

Edition: 2026-07-24 · In force

The Bank shall have the following powers with respect to the regulation of mortgage refinance companies—

(a)to license mortgage refinance companies;

(b)to determine the capital adequacy standards and requirements for mortgage refinance companies;

(c)to prescribe the minimum liquidity requirements and permissible investments for mortgage refinance companies;

(d)to supervise mortgage refinance companies, including—

(i)conducting both on-site and off-site supervision;

(ii)assessing professional and moral suitability of persons managing or controlling the mortgage refinance companies;

(iii)approving the Board and management of the mortgage refinance companies;

(iv)approving the appointment of the external auditors;

(v)collecting regular data from mortgage refinance companies;

(vi)approving the annual audited accounts of mortgage refinance companies before publication and presentation at the annual general meetings;

(e)to revoke or suspend a licence;

(f)to direct or require such changes as the Bank may consider necessary; and

(g)to take any other action as the Bank may consider necessary.