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By way of a Gazette Notice 12771 dated 2nd December, 2018, the Cabinet Secretary for Industry, Trade and Cooperatives issued a notice of intention to make regulations under the provisions of Section 3(1)(b) of the Sacco Societies Act (SSA) as read with Section 68(1) thereof.

The Cabinet Secretary also appointed a Taskforce comprised of members from Co-operative Alliance of Kenya (CAK); the Kenya Union of Savings and Credit Cooperatives (KUSCCO); the Cooperative Bank of Kenya; the Council of Governors (COG); the State Department of Cooperative and the SACCO Societies Regulatory Authority (SASRA) to prepare the draft regulations under the said provisions.

The Taskforce through a sector-wide consultation process has finalized the DRAFT REGULATIONS and framework statements of the proposed regulations for non-deposit-taking Sacco business in Kenya.

For further information on this notice click here,

The schedule of stakeholder engagements on the draft regulations is here

For the framework statements for the proposed regulations click here

and for the proposed regulations themselves, click here

 

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