Regulatory Alerts2018-07-18
East African Securities Regulators agree on criteria for fit and proper assessment of market practitioners
The East African Securities Regulatory Authorities (EASRA) have adopted a regional framework for the fit and proper assessment of market practitioners to ensure high ethical standards and competence. The regulators also agreed to employ regulatory sandboxes to test innovative fintech and blockchain products, providing clear evaluation criteria for member states. Additionally, the authorities discussed strategic planning, risk-based supervision, and the harmonization of insider dealing provisions across the region.
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