ADVOKS GLOBAL · KENYA
The Banking (Credit Reference Bureau) Regulations
58. Inspection of bureaus
Edition: 2022-12-31 · In force
58. Inspection of bureaus
(1)The Central Bank may cause an inspection to be conducted by any person authorized by it of any bureau, agent or a bureau's operating management information system, premises, data, books, accounts, records, document or other activity.(2)When an inspection is conducted under paragraph (1), the bureau or agent and every officer or employee of the bureau shall produce and make available to the person carrying out the inspection any information, data, record, document or material that may be required by the person for purposes of the inspection.(3)The person conducting the inspection may make a copy of any document, data, record or material in possession of the bureau or agent.(4)The person conducting the inspection under paragraph (1) shall prepare and submit to the Central Bank a report on the inspection highlighting that person's findings including any contravention of the provisions of the Act, the Microfinance Act (Cap. 493C) the Sacco Societies Act (Cap. 490B) or these Regulations, any mismanagement of the bureau or information by users of credit information obtained from the bureau.(5)Any person who refuses or neglects to provide any record or data as the Central Bank may request under this regulation or obstructs or prevents the Central Bank from supervising a bureau or an agent commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred thousand shillings or to imprisonment for a term not exceeding two years, or to both.