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Bills of Exchange (Cheque Truncation) Regulations, 2010 🇰🇪


REPUBLIC OF KENYA

Bills of Exchange Act, 1927

Legal Notice No. 123

Bills of Exchange (Cheque Truncation) Regulations, 2010

  • Commenced on (exact date unavailable)
  • [This is the version of this document from (exact date unavailable).]
  • [Note: The original publication document is not available and this content could not be verified.]

1. Citation

These Regulations may be cited as the Bills of Exchange (Cheque Truncation) Regulations, 2010.

2. Interpretation

In these Regulations, unless the context otherwise requires—“check digit” means an automated error detection in a cheque code line;“cheque code line” means numbers and symbols printed at the bottom of a cheque;“document reference number” means a unique identification number assigned to a cheque for the purpose of presentment by electronic means; and“magnetic ink character recognition” means a process used to create machine readable information on a cheque code line.

3. Purpose

The purpose of these Regulations is to prescribe the particulars of electr…

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