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

39. Liquidity risk management plan

Edition: 2022-12-31 · In force

39. Liquidity risk management plan

(1)Every mortgage refinance company shall plan and fund its liquidity requirements over specific time periods as set by the mortgage refinance company.

(2)A liquidity risk management plan shall, at a minimum, address the following —

(a)management structures and information systems;

(b)measuring and monitoring net funding requirements;

(c)contingency planning schemes; and

(d)internal controls for liquidity management.

(3)A mortgage refinance company that fails to comply with this Regulation shall be liable to any of the sanctions provided for under regulation 57.

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Source: Kenya Law