ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
8. Non-maintenance of minimum capital requirements
Edition: 2025-07-09 · In force
8. Non-maintenance of minimum capital requirements
(1)An institution which does not maintain the minimum capital requirements specified in the Second Schedule to the Act, commits a violation and is liable, upon assessment, to a penalty not exceeding twenty million shillings or three times the gross amount of the monetary gain made or loss avoided by the institution.(2)An officer of an institution found liable for the violation in paragraph (1), commits a violation and upon assessment, to a penalty not exceeding one million shillings.(3)An institution found liable under paragraph (1) and continues to commit the violation in paragraph (1), commits a violation and is liable, upon assessment, to a penalty not exceeding one hundred thousand shillings for each day, or part of each day, that the institution continues to commit the violation in paragraph (1).(4)An officer—(a)of an institution found liable for the violation in paragraph (3); and(b)found liable under paragraph (2),commits a violation and is liable, upon assessment, to a penalty not exceeding one hundred thousand shillings for each day, or part of each day, that the institution continues to commit the violation in paragraph (1).