The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019

37. Capital adequacy

Edition: 2022-12-31 · In force

(1)A mortgage refinance company shall at all times maintain capital requirements set out in the First Schedule.

(2)A mortgage refinance company shall maintain such leverage ratio as may be specified by the Bank by notice in the Gazette.

(3)No mortgage refinance company shall treat any subordinated debt as supplementary capital except with the prior written approval of the Bank.

(4)No mortgage refinance company shall raise any capital from the capital markets without the prior written approval of the Bank.