ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
4A. Other objects of the Bank
Edition: 2026-07-24 · In force
4A. Other objects of the Bank
(1)Without prejudice to the generality of section 4 the Bank shall—(a)formulate and implement foreign exchange policy;(b)hold and manage its foreign exchange reserves;(c)license and supervise authorised dealers;(d)formulate and implement such policies as best promote the establishment, regulation and supervision of efficient and effective payment, clearing and settlement systems;(da)license and supervise non-deposit-taking credit providers not regulated under any other written law;(db)license and supervise credit guarantee companies not regulated under any other written law;(dc)license and supervise virtual asset service providers;(e)act as banker and advisor to, and as fiscal agent of the Government;(f)issue currency notes and coins;(g)license and supervise mortgage refinance companies;(h)pursuant to sections 2A, 36A, 36B and 36C of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A) and section 6 of the Virtual Asset Service Providers Act, regulate and supervise, for anti-money laundering and combating the financing of terrorism and countering proliferation financing purposes, the following institutions—(i)banks and their agents;(ii)mortgage finance companies and their agents;(iii)mortgage refinance companies and their agents;(iv)microfinance banks and their agents;(v)money remittance providers and their agents;(vi)foreign exchange bureaus and their agents;(vii)non-deposit taking credit providers and their agents;(viia)virtual asset service providers;(viii)payment service providers;(viiia)credit guarantee companies; and(ix)any other entity licensed by the Central Bank under any written law; and(i)provide capacity building and training to the staff of the Bank, the general public, government institutions and persons from other jurisdictions.(2)In subsection (1)(d)—"clearing" means the process of transmitting, reconciling and confirming payments prior to settlement, including the netting of payments and the establishment of net positions for settlement;"payment system" means a system of instruments, procedures and rules for the transfer of funds among system participants;"settlement" means an act that discharges financial obligations between two or more parties.