If it’s covered, it counts... ICPAK Budget Review Seminar Presented by Maurice Wangutusi 16 June 2011, Laico Regency Hotel.

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Presentation transcript:

If it’s covered, it counts... ICPAK Budget Review Seminar Presented by Maurice Wangutusi 16 June 2011, Laico Regency Hotel

© 2011 Deloitte & Touche Contents Miscellaneous Provisions ‒ Banking & Microfinance ‒ Insurance ‒ Traffic Act ‒ Other Questions & answers 2ICPAK 2011 East Africa Budget Review Seminar

© 2011 Deloitte & Touche Banking & Microfinance Sharing of credit information Banking beyond the borders Unlicensed microfinance institutions barred from deposit taking Enhancement of insider lending restrictions and single borrower limits Central Bank to assess suitability of officers 3ICPAK 2011 East Africa Budget Review Seminar

© 2011 Deloitte & Touche Insurance Expansion or relocation activities of insurers Power to protect the assets for the benefit of policy holders Transfers, amalgamations approvals to be granted by the IRA 4ICPAK 2011 East Africa Budget Review Seminar

© 2011 Deloitte & Touche Traffic Act Motor vehicle log books to be surrendered upon permanent movement of a vehicle outside Kenya Transfer of ownership of motor vehicle Use of computerized motor vehicle registration systems 5ICPAK 2011 East Africa Budget Review Seminar

© 2011 Deloitte & Touche Other Tax breaks for internship Appointed representatives to receive NSSF benefits while member serves prison term Telecommunication players and users to ensure registration of SIM subscribers 6ICPAK 2011 East Africa Budget Review Seminar

© 2011 Deloitte & Touche Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.