Comprehensive Policy on Unclaimed Financial Assets 2019
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Publication Date
2019Author
The National Treasury and Planning
Type
Policy PaperItem Usage Stats
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The National Treasury and Planning
Abstract/ Overview
The overall purpose of this policy is to guide the Government on the achievement of an improved and effective unclaimed financial assets governance framework through a strategic approach. It is expected that under such a framework there will be Effective handling and reporting requirements over unclaimed financial assets at holding institutions; Effective regulatory framework for reunification of unclaimed financial assets with owners and beneficiaries under a regime of indefinite right of reunification; A transparent and safe investment of unclaimed financial assets funds for the long-term economic development purposes; robust and facilitative legal framework to support the UFA regime in Kenya.
Publisher
The National Treasury and PlanningSeries
Policy Paper of 2019;Collections
- Policy Papers [113]