PUBLIC NOTICE

THE CAPITAL MARKETS ACT (CAP 485A)

REQUEST FOR STAKEHOLDER AND PUBLIC FEEDBACK ON THE DRAFT CAPITAL MARKETS (MARGIN TRADING) REGULATIONS, 2024, DRAFT GUIDELINES ON FINANCIAL RESOURCE REQUIREMENTS FOR MARKET INTERMEDIARIES AND AMENDMENTS TO THE CAPITAL MARKETS (COMMODITY MARKETS) REGULATIONS 2020

The Capital Markets Authority (CMA Kenya) is charged with the mandate of regulating and developing Kenya’s capital markets. In line with its strategic direction, the Authority continues to promote growth in the capital markets customer base through the introduction of new products aimed at enhancing liquidity in the market while safeguarding investor interests and market stability.

In this regard, the Authority has reviewed and overhauled the Guidelines on Financial Resource Requirements for Market Intermediaries and proposed the introduction of the Draft Capital Markets (Margin Trading) Regulations, 2024 as well as amendments to the Capital Markets (Commodity Markets) Regulations 2020 in a bid to respond to market needs and address new and emerging issues.

In accordance with Section 12A (3) of the Capital Markets Act, the Authority invites stakeholders and the public to submit comments on the draft guidelines and regulations which are available on www.cma.or.ke. Kindly submit your comments by 11 April 2024 to:

The Chief Executive Officer 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