By Our Reporter
National Treasury
Cabinet Secretary
Henry Rotich has
appointed a Steering Committee
that will establish
the Financial Sector Authority
(FSA) and oversee
the merger of all financial
regulatory authorities into
one
In a Gazette Notice Vol
CXVIII No 143, dated November
18, 2016, members
of the Steering Committee
include Principal Secretary,
National Treasury –
(Chairperson), Principal
Secretary, State Department
for Co-operatives,
Ministry of Industry, Trade
and Co-operatives, Director-
General, Budget, Fiscal
and Economic Affairsthe
National Treasury and
Representative of Chief of
Staff, the Presidency.
Others are Solicitor-
General, State Law Office,
Secretary/Chief Executive
Officer, State Corporations
Advisory Committee,
Governor, Central Bank of
Kenya, Chief Executive
Officer, Capital Markets
Authority, Chief Executive
Officer and Insurance
Regulatory AuthorityChief
Executive Officer.
Also in the team
are;Retirement Benefits
Authority Chief Executive
Officer, Sacco
Societies Regulatory
Authority,Director, Financial
and Sectoral Affairs
in the National Treasury
and the Financial Services
Authority Director of
Implementation, National
Treasury.
The Secretariat of the
Steering Committee shall
be at the National Treasury
and shall be headed by the
Financial Services Authority
Director of Implementation
and comprise of
staff appointed from CMA,
IRA, RBA, SASRA and
any other person whom the
Steering Committee considers
necessary, to carry
out technical work, day
today operational and administrative
duties in support
of the Steering Committee.
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