ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
33W. Registration
Edition: 2026-07-24 · In force
33W. Registration
(1)A person who intends to carry on credit guarantee business in Kenya shall apply to the Bank for registration.(2)An application under subsection (1) shall be in the prescribed form and accompanied by the prescribed fee.(3)The Bank shall prescribe, in Regulations, the requirements and procedure for registration under subsection (1).(4)The Bank shall issue a successful applicant with a certificate of registration in the prescribed form.(5)A person who carries on credit guarantee business without being registered by the Bank commits an offence and is liable, on conviction to a fine not exceeding one million shillings, or to imprisonment for a term not exceeding three years, or to both.(6)Where the offence contemplated in subsection (5) is committed by a body corporate, that body corporate shall be liable, on conviction, to a fine not exceeding ten million shillings.