Central Bank of Kenya Act

33R. Regulation of non-deposit taking credit providers.

Edition: 2026-07-24 · In force

33R. Regulation of non-deposit taking credit providers.

(1)Without prejudice to the generality of section 4A(1)(da), the Bank shall have power to—

(a)register, license and regulate non-deposit-taking credit providers which are not regulated under any other written law;

(b)approve channels through which non-deposit-taking credit business may be conducted;

(c)determine parameters for pricing of credit;

(d)supervise non-deposit taking credit providers in such manner as the Bank may prescribe; and

(e)prescribe an enforceable Code of Conduct binding all non-deposit-taking credit providers in their conduct of business.

(2)Non-deposit-taking credit providers registered by the Bank shall be subject to such supervision, oversight or monitoring as the Bank may determine.

[Act No. 15 of 2021, s. 4, Act No. 20 of 2024, s. 7.]

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Source: Kenya Law