CAPITAL MARKETS AUTHORITY TENDER AUGUST 2022
PUBLIC NOTICE
THE CAPITAL MARKETS ACT (CAP 485A)
REQUEST FOR PROPOSALS FOR AMENDMENTS OF VARIOUS CAPITAL MARKETS REGULATIONS
The Capital Markets Authority is the State Corporation charged with the dual legal mandate of regulating and developing Kenya’s capital markets. In line with Capital Markets Masterplan 2014 – 2023 and the Strategic plan, the Authority aims to support Kenya’s economic transformation through the capital markets by among other strategies, undertaking a com- prehensive review of its legal and regulatory environment to ensure that the applicable laws are responsive to market developments and investor needs.
In this regard, the Authority is in the process of reviewing the below regulations, available on www.cma.or.ke, under Regulatory Framework, in a bid to make them responsive to market needs and address new and emerging issues.: –
- The Capital Markets (Licensing Requirements) (General) Regulations, 2002
- The Capital Markets (Take-Overs and Mergers) Regulations, 2002
- The Capital Markets (Conduct of Business) (Market Intermediaries) Regulations, 2011
- The Capital Markets (Corporate Governance) (Market Intermediaries) Regulations, 2011
- The Guidelines on Financial Resource Requirements for Market Intermediaries, 2012
- The Capital Markets (Foreign Investors) Regulations, 2002
- The Capital Markets (Real Estate Investment Trusts Collective Investment Schemes) Regulations, 2013
- The Central Depositories (Regulation of Central Depositories) Rules, 2004
- The Capital Markets Tribunal Rules, 2002
As a key stakeholder, the Authority recognizes your contribution to the growth and development of the market and kindly invites you to contribute to the review process by sending in any proposals you may wish to be considered in the review of any of the above regulations.
Kindly submit your comments by 16 September 2022 to:
The Chief Executive Capital Markets Authority
P.O. Box 74800-00200 Nairobi 3rd Floor, Embankment Plaza
Longonot Road, Upperhill Email: comments@cma.or.ke
Website www.cma.or.ke