Regulatory Alerts2023-03-02
Added · Updated
Supervisory Guideline Number RBA 2: Implementation of Risk Based Supervision for Better Governance and Administration of All Schemes
This guideline establishes a risk-based supervisory framework for retirement benefits schemes in Kenya, categorized by systemic, portfolio, and agency risks. The Authority will utilize a five-level risk ladder, employing numerical ratings based on off-site and on-site inspections to determine the level of regulatory intervention required for each scheme. All schemes must now submit annual interrogatories to facilitate this risk assessment, with the ultimate objective of ensuring sound administration and prioritizing regulatory resources on high-risk cases.
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