2013-03-28

Kenya Deposit Insurance Act 2012

The Kenya Deposit Insurance Act of 2012 establishes the Kenya Deposit Insurance Corporation, which insures customer deposits and liquidates and winds up member institutions. The Act outlines the Corporation's functions and powers, including the ability to levy contributions from member institutions and manage the Deposit Insurance Fund. It also details the Corporation's role as a receiver and liquidator of institutions, with powers to declare moratoriums, sell assets, and carry on the business of the institution. The Act further outlines offences and penalties, as well as miscellaneous provisions regarding cooperation with law enforcement and tax exemptions.

Kenya

Central Bank of Kenya

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