ADVOKS GLOBAL · KENYA
Nairobi International Financial Centre Act
19. Establishment of the Steering Council
Edition: 2022-12-31 · In force
19. Establishment of the Steering Council
(1)There is established a Steering Council which shall consist of the—(a)President as the Chairperson;(b)Deputy President as the deputy Chairperson;(c)Cabinet Secretary responsible for matters relating to finance;(e)Governor of the Central Bank of Kenya;(f)Chief Executive Officer of the Capital Markets Authority;(g)Chief Executive Officer of the Insurance Regulatory Authority;(h)Chief Executive Officer of the Retirement Benefits Authority; and(i)Chairperson of the Authority.(2)The Authority shall provide secretariat services to the Council.(3)The Council may from time to time, co-opt any person to advise on a specified matter.(4)The Council—(a)shall review the progress of the Centre, provide direction and address any challenges in the development of the Centre and the overall financial services sector in Kenya; and(b)may, from time to time, give such directions to any person which the Council considers necessary in order to achieve the objectives of this Act.(5)The Council shall meet at least three times in a year and shall regulate its own procedure.