• Legislation

Supervision

Acts & Regulations

BOU has the mandate to supervise and regulate the operations of financial institutions in the country.

These include Commercial Banks, Credit Institutions, Micro Finance Deposit-Taking Institutions (MDIs), and Forex Bureaux.

A number of acts and regulations govern this mandate and the supervision of financial institutions.

BOU Acts

1. BOU Act, 1969;

2. BOU Act, 2000;

Supervision Acts

1. Financial Institutions Act, 2004;

2. Financial Institutions Amendment Act 2016;

3. Micro Deposit Taking Institutions Act, 2003;

4. Tier 4 Microfinance Institutions Money Lenders Act 2016

Supervision Regulations

1. Financial Institutions Anti Money Laundering Act, 2013;

2. Financial Institutions Anti Money Laundering Regulations, 2010;

3. Financial Institutions Capital Adequacy Regulations, 2005;

4. Financial Institutions Consolidated, 2010;

5. Financial Institutions Corporate Governance Regulations, 2005;

6. Financial Institutions Credit Classification Regulations, 2005;

7. Financial Institutions Credit Concentration Exposure Limits, 2005;

8. Financial Institutions Credit Reference Regulations, 2005;

9. Financial Institutions External Auditors, 2010;

10. Financial Institutions Foreign Exchange, 2010;

11. Financial Institutions Insider Lending Limits, 2005;

12. Financial Institutions License Regulations, 2005;

13. Financial Institutions Liquidity Regulations, 2005;

14. Financial Institutions Ownership Control Regulations, 2005;

15. Foreign Exchange Act, 2004;

Other Acts and Regulations

1. Foreign Exchange Regulations, 2006;

2. Micro Deposit Taking Institutions Regulations, 2004;

3. Intervention Policy, 1997;

4. Mobile Money Guideline, 2013;

5. Agent Banking Regulations 2017;

6. Financial Institutions (Islamic Banking) Regulations 2018;

7. External Auditor Appointment Guidelines for Forex Bureaus;