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PRUDENTIAL GUIDELINES

PRUDENTIAL GUIDELINES January 2013 1 CENTRAL BANK OF KENYA PRUDENTIAL GUIDELINES FOR INSTITUTIONS LICENSED UNDER THE BANKING ACT TABLE OF CONTENTS REFERENCE TITLE PAGE 1. CBK/PG/01 Licensing of New Institutions 2 2. CBK/PG/02 Corporate Governance 34 3. CBK/PG/03 Capital Adequacy 82 4. CBK/PG/04 Risk Classification of Assets and Provisioning 125 5. CBK/PG/05 Liquidity Management 156 6. CBK/PG/06 Foreign Exchange Exposure Limits 178 7. CBK/PG/07 Prohibited Business 191 8. CBK/PG/08 Proceeds of Crime and Money Laundering (Prevention) and Combating the Financing of Terrorism 203 9. CBK/PG/09 Appointment, Duties and Responsibilities of External Auditors 242 10. CBK/PG/10 Publication of Financial Statements and Other Disclosures 253 11. CBK/PG/11 Opening of New Place of Business, Closing Existing Place of Business or Changing Location of Place of Business 288 12.

18 CBK/PG/17 Representative Offices 410 ... 1.3 Application 1.4 Definitions PART II Statement of Policy 2.1 Purpose 2.2 Scope 2.3 Responsibility 2.4 Prohibition of Shell Banks PART III Application Procedures ... a parent, associate, subsidiary or …

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