2015-12-14 | 1996137608

Banking Circular No 13 of 2015 - Compliance with Sections 4 and 9A of Banking Act - Vetting of Directors and Senior Officers

The Central Bank of Kenya is concerned about institutions appointing directors and senior officers without prior vetting and certification. Section 9A(1) of the Banking Act mandates that no person should be appointed as a director or senior officer without being certified by the Central Bank as fit and proper to manage or control the institution. Violation of this requirement will result in penalties, including disqualification from working in the banking sector.

Kenya

Central Bank of Kenya

Show thumbnail