Added 2026-06-01 · Updated 2026-09-12

The Capital Markets (Credit Rating Agencies) Regulations, 2023

These regulations establish a formal framework for the approval and operational conduct of credit rating agencies in Kenya, mandating strict licensing requirements, organizational independence, and professional integrity standards. Agencies are obligated to maintain robust internal controls, manage conflicts of interest, ensure transparency in their rating methodologies, and undergo regular monitoring and reporting to the Capital Markets Authority. Failure to comply with these provisions subjects agencies to potential penalties, and the Authority retains the power to conduct inspections and investigations to ensure market stability and investor protection.

Kenya

Capital Markets Authority Kenya

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The Capital Markets (Credit Rating Agencies) Regulations, 2023

[Full text contents follow the structure provided in the provided document, encompassing Parts I-IV covering Preliminary definitions, Approval processes for local and foreign agencies, General operational obligations including conflicts of interest and rating integrity, and Inspection and Investigation mandates.]

Schedules

• First Schedule: Application Form for Approval to Operate as a Credit Rating Agency.
• Second Schedule: Fees for application, approval, recognition, and annual regulatory compliance.

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Source: Capital Markets Authority Kenya — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works