Regulatory Alerts2023-01-01
Capital Markets Act
The Capital Markets Act establishes the Capital Markets Authority to oversee, regulate, and promote the development of fair and efficient capital markets in Kenya, including the management of exchanges, derivatives, and asset-backed securities. It grants the Authority comprehensive powers to license market participants, set standards for public offerings, investigate market abuses, and enforce anti-money laundering and counter-terrorism financing protocols. Furthermore, the Act provides a legal framework for investor compensation, establishes the Capital Markets Tribunal for dispute resolution, and mandates strict compliance and reporting requirements for all regulated entities.
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