Regulatory Alerts2021-12-22
Central Bank of Kenya (Digital Credit Providers) Regulations, 2021
Part A Criteria For Determining Professional And Moral Suitability Of Directors And Senior Officers: I, [Your Full Name], hereby declare that I meet the following criteria for professional and moral suitability as a director or senior officer of a digital credit provider: a) I possess relevant qualifications, knowledge, skills, and experience in the fields of finance, banking, information technology, or other related areas. My previous work experience includes [Briefly describe your experiences in relevant industries, highlighting your achievements and responsibilities]. b) In my past roles as a director or senior officer, I have consistently recommended sound practices based on my previous business experience, providing objective advice, and avoiding conflicts of interest with other organizations. Part B Criteria For Determining Moral Suitability Of Significant Shareholders: I, [Your Full Name], hereby declare that as a significant shareholder of a digital credit provider, I meet the following criteria for moral suitability: a) I have not been convicted of fraud or any other offense involving dishonesty. b) I have not contravened any laws designed to protect members of the public against financial loss due to dishonesty or malpractices by persons engaged in the provision of banking, insurance, investment, or other financial services. In addition, as a corporate entity shareholder, my directors and senior officers meet the criteria specified in Part A above. We are committed to upholding the highest standards of professional and moral conduct. Part C Additional Information: As required by the Bank, I hereby declare that there is no additional information relevant to determining my professional or moral suitability as a significant shareholder that has not been disclosed in this document. I undertake to inform the Bank of any material changes to the information provided herein and authorize the Bank to verify the authenticity of the information provided through appropriate channels. Declaration: I certify that the information given above is complete and accurate to the best of my knowledge, and that there are no other facts relevant to this application of which the Central Bank of Kenya should be aware. I undertake to inform the Central Bank of Kenya of any material changes to the information provided herein.