REGULATORY BODIES IN KENYA

Among others.

The National Treasury

The National Treasury and Planning

Harambee Avenue, Treasury Building, P.O Box 30007-00100 Nairobi

Insurance Regulatory Authority (IRA)

Regulator

Insurance Regulatory Authority (IRA) P.O BOX 43505 - 00100 NAIROBI Zep- Re Place Longonot Road - Upper Hill, Nairobi Complain: complaints@ira.go.ke Website: http://www.ira.go.ke

Retirement Benefits Authority (RBA)

Regulator

Retirement Benefits Authority Rahimtulla Tower, 13th Floor, Upper Hill Road, Opp UK High Commission. P.O. Box 57733 - 00200 Nairobi, Kenya.

Kenya School of Monetary Studies (KSMS)

Regulator

Kenya School of Monetary Studies, Mathare North Road, Off Thika Super Highway (exit 6). P.O. Box 65041-00618 Nairobi, Kenya.

Unclaimed Financial Assets Authority (UFAA)

Regulator

Address: Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi P.O Box : 28235-00200, Nairobi Kenya

Kenya Bankers Association (KBA)

Regulator

Address Kenya Bankers Association 13th Floor, International House Mama Ngina Street P.O.Box 73100 - 00200 Nairobi Kenya

Central Bank of Kenya (CBK)

Regulator

P.O Box 60000 – 00200, Nairobi, Kenya Website : https://www.centralbank.go.ke/ Governor : Dr Patrick Njoroge

Nairobi Stock Exchange (NSE)

Regulator

55 Westlands Road, P O Box 43633 00100 Nairobi KENYA PHONE: +254 20 2831000 / +254 (020) 222 4200 FAX: +254 20 2224200 MOBILE: +254 0733 222 007 WEBSITE: http://www.nse.co.ke

Central Depository & Settlement Corporation (CDSC)

Regulator

Nation Center, 10TH Floor, Kimathi Street P.O. BOX 3464-00100 GPO Nairobi Kenya +254 (020) 2912000 (0724) 256130 / (0733) 222033

Capital Markets Authority (CMA)

Regulator

Tel: +254 20 2264000/ 2264900 / 2221869 Cell: +254 722 207767 | Website: www.cma.or.ke

Banking Legislation and Guidelines

The Central Bank of Kenya is in various ways guided by the following pieces of legislation:

                                                         Regulations and Guidelines Pursuant to the Banking Act (Cap 488)

Regulations and Guidelines issued by the Central Bank of Kenya subject banks to certain requirements, restrictions and guidelines. This regulatory structure creates transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things.

Given the interconnectedness of the banking industry and the reliance that the national (and global) economy hold on banks, it is important for regulatory agencies to maintain control over the standardized practices of these institutions. The objectives of these  regulations are:

  • Prudential—to reduce the level of risk to which bank creditors are exposed (i.e. to protect depositors)
  • Systemic risk reduction—to reduce the risk of disruption resulting from adverse trading conditions for banks causing multiple or major bank failures
  • Avoid misuse of banks—to reduce the risk of banks being used for criminal purposes, e.g. laundering the proceeds of crime
  • To protect banking confidentiality Credit allocation—to direct credit to favoured sectors to provide the best customer service in this competitive age.

Source :CBK