Below, please find issue 3 of ENS' Kenya in brief, a
snapshot of the latest developments in Kenya.
corporate commercial
Welcome to the third issue of ENS' Kenya in brief,
focusing on the latest legal and regulatory updates across
Kenya's corporate commercial, real estate, and banking and
finance industries. Click here to read the second edition.
Banking (Penalties)
Regulations, 2024
The Central Bank of Kenya has
published draft Banking (Penalties) Regulations, 2024 (the
“Draft Regulations”) and has invited
the public to comment on the Draft Regulations. If passed, the
Draft Regulations will revoke the existing Banking (Penalties)
Regulations, 1999. The purpose of the Draft Regulations is to
promote compliance with and deter a violation of the Act and the
Prudential Guidelines by providing a clear framework for assessing
a violation and ensuring that an institution or person is penalised
for a violation. For more
