ADVOKS GLOBAL · KENYA
The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019
21. Shareholding limit
Edition: 2022-12-31 · In force
21. Shareholding limit
(1)A shareholder of a mortgage refinance company shall not, whether directly or indirectly, hold more than twenty-five per centum of the shares of the mortgage refinance company unless it is a public entity or a multilateral development bank.(2)The Bank may exempt any other person from the provisions of this regulation on such condition and requirements as may be specified by the Bank.