Capital Markets Authority

Institutional:

A government agency is an independent, independent public agency.

Institutional History:

The Kenya CMA was established on 15 December 1989.

Regulatory Functions:

The responsibilities of the Kenya CMA include the following areas:

1. Authorize and regulate all capital market intermediaries

2. Guarantee the lawful behavior of all authorized legal persons and market institutions

3. Supervise the issuance of capital market products (bonds, shares, etc.)

4. Promote market development through research on new products and organizations

5. Promote investor education and public awareness to protect the interests of investors

Regulatory Objectives/Scope:

The Kenya CMA regulates, authorises and monitors the business of market intermediaries, including securities trading, central storage and clearing systems and individuals under the authority of the Capital Markets Act. CMA plays a key role in promoting the mobility and allocation of capital resources.

Regulatory Rramework: Kenya Capital Market Online Foreign Exchange Dealers Trading Code 2017, Anti-Money Laundering Act

Financial Isolation: Yes

Reporting Requirements: anti-money laundering report, transaction report, etc

Record Requirements: transaction records

Leverage Limit: 1:400

Donation Requirement: N/A

Negative Balance Protection: N/A

Generally speaking, CMA-regulated broker profile will be found at the LIST OF LICENSEES page on CMA website. Try to find it and check if it will match the info from the broker website.

The detailed steps are as below:

1.Go to CMA Kenya's website: https://www.cma.or.ke/  , and choose the "LIST OF LICENSEES" under "INVESTOR INFO";

Or go directly to the LIST OF LICENSEES page: https://www.cma.or.ke/index.php/investor-info/list-of-lincensees

2.After entering the "List OF Licensees" page, download the LIST file;

3.If the list contains all financial licences, check the name of the dealer under "Non-Dealing Online Foreign Exchange Broker".

When you have disputes with a CMA-regulated broker, you can proceed the following ways:

1st way: Submit your complaint online to the Kenya CMA.

Online complaints address: https://portal.cma.or.ke/complaints/ 

Online complaints need to register an account to log in.

2nd way: Submit the complaint to CMA Kenya by email.

E-mail complaint address: complaints@cma.or.ke 

Address of the complaint form you need to download for mail complaint: https://www.cma.or.ke/index.php?option=com_phocadownload&view=category&id=32:complaints-form&Itemid=217 

3rd way: Send a complaint to CMA Kenya.

Address of complaint:

The Chief Executive,

Capital Markets Authority

P. O. Box 74800, 00200 Embankment Plaza, 3rd Floor Longonot Rd, Upperhill, Nairobi, Kenya

4th way: To submit complaints to CMA Kenya.

Door-to-door address:

Embankment Plaza rd 3 Floor, Longonot Road, Upper Hill, Nairobi

5th way: Fax the complaint to CMA Kenya.

Fax complaint address: +254 (0)20 342825