The SACCO Societies Act created the framework for specialized prudential supervision of deposit-taking SACCOs. Regulation addressed member savings and systemic risk while raising questions about the balance between public oversight and cooperative self-governance.
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Which year is associated with this cooperative milestone: SACCO Societies Act establishes prudential regulation?
The SACCO Societies Act created the framework for specialized prudential supervision of deposit-taking SACCOs. Regulation addressed member savings and systemic risk while raising questions about the balance between public oversight and cooperative self-governance. Source: https://www.icmiffoundation.org/wp-content/uploads/2021/06/ICMIF-country-diagnostic-report-on-mutual-and-cooperative-microinsurance-in-Kenya.pdf
In 2008, SACCO Societies Act establishes prudential regulation.
The SACCO Societies Act created the framework for specialized prudential supervision of deposit-taking SACCOs. Regulation addressed member savings and systemic risk while raising questions about the balance between public oversight and cooperative self-governance. Source: https://www.icmiffoundation.org/wp-content/uploads/2021/06/ICMIF-country-diagnostic-report-on-mutual-and-cooperative-microinsurance-in-Kenya.pdf