Regulatory Alerts2019-02-05
Policy Guidance Note on Green Bonds
This document mandates that issuers of Green Bonds in Kenya appoint independent verifiers to confirm project eligibility and requires disclosure of management systems for proceeds via an Information Memorandum. Issuers must provide annual reports detailing project impact, disbursements, and performance metrics, while maintaining tracked proceeds exclusively for eligible environmental projects. The Capital Markets Authority reserves the power to enforce penalties, including the removal of green labels and legal action against issuers for non-compliance or greenwashing.
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