Legislation
The following Acts and Regulations currently in force help the Deposit Protection Corporation to carry out its duties and responsibilities effectively. The public is hereby encouraged to read and understand the legislation in place relating to the financial services industry.
Acts of Parliament:
- Deposit Protection Corporation Act [Chapter 24.29]
- Banking Act [Chapter 24.20]
- Banking Amendment Act, 2015
- Building Societies Act [Chapter 24.02]
- Micro Finance Act [Chapter 24.29]
- Microfinance Amendment Act, 2019
- Companies and Other Business Entities Act [Chapter 24.31]
- Prescribed Rate of Interest Act [Chapter 8.10]
- Finance Act [Chapter 23.04]
- Finance Act [No. 2 of 2019]
- Public Entities and Corporate Governance Act (Chapter 10:31)
- Public Procurement and Disposal of Public Assets Act [Chapter 22:23]
- Public Finance Management Act (Chapter 22:19)
- Insolvency Act [Chapter 6:07]
- Consumer Protection Act [Chapter 14:14]
- Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24.24]
Statutory Instruments:
- Deposit Protection Corporation Regulations, 2013 [S.I 156 of 2013]
- Deposit Protection Corporation (Amendment) Regulations, 2014 [S.I 46 of 2014]
- Public Procurement and Disposal of Public Assets (General) Regulations [S.I 5 of 2018]
- Public Entities Corporate Governance (General) Regulations [S.I 168 of 2018]
International Instruments:
Our Vision >
Distinguished deposit protection contributing to financial system stability by 2025.
Our Mission Statement >
To protect depositors, enhance public confidence and stability in the financial system by promoting sound business practices and speedy resolution of failed contributory institutions.
Our Values >
Accountability | Innovation | Teaming | Integrity | Excellence | Transparency
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Operating Hours: Monday-Friday (8:00am - 4:30pm, GMT +2) | Closed on weekends and public holidays.
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