The SACCO Societies Regulatory Authority (SASRA)[1] is the primary regulatory body charged with licensing Deposit‑Taking Sacco Societies (Savings and Credit Co-operatives Societies) - DT regulation 2010 and authorizing specified Non Deposit taking saccos - NDTS Regulations 2021 in the Republic of Kenya.
| SASRA | |
 | |
| Agency overview | |
|---|---|
| Formed | June 18, 2010 |
| Jurisdiction | Kenya |
| Agency executives |
|
| Parent department | Office of the Commissioner of Co-operative Development |
| Parent agency | Ministry of Agriculture, Livestock, Fisheries and Co-operatives |
| Website | www |
History
editThe Authority was established as a body corporate in 2010, pursuant to the provisions of the Sacco Societies Act with the primary purpose of streamlining the regulation of SACCOs and Co-operatives in the country under the supervision of the Commissioner of Co-operative Development, an office under the Ministry of Agriculture, Livestock, Fisheries and Co-operatives.[2]
Its mandate is to regulate, supervise and license SACCOs and Co-operatives in the country while receiving levy contributions from the same in accordance with the Sacco Societies Act of 2008.[3]
References
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