ADVOKS GLOBAL · KENYA
The Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019
38. Liquidity management
Edition: 2022-12-31 · In force
38. Liquidity management
(1)A mortgage refinance company shall—(a)adopt sound and prudent liquidity management and funding policies; and(b)maintain sufficient liquid assets for meeting its maturing obligations and liabilities.(2)For purposes of sub-regulation (1), liquid assets include—(a)notes and coins which are legal tender in Kenya;(b)balances held at the Bank;(c)balances at other banks in Kenya after deducting therefrom balances owed to those other banks;(d)balances at banks abroad withdrawable on demand or short notice and money at call abroad after deducting therefrom balances owed to banks abroad where the balances and money at call and short notice are denominated in convertible currencies;Provided that for the purposes of this paragraph "bank abroad" means a bank outside Kenya or an office of any bank outside Kenya;(e)Kenya treasury bills and bonds of a maturity not exceeding ninety-one days which are freely marketable and re-discountable at the Bank; and(f)such other assets as the Bank may specify.