Capital Markets Authority

Tuesday, 07 September 2010

Home

Tenders

FAQs

Careers

Feedback

Site Map

About CMA

Investor Education

Regulatory Framework

Enquiries

Forms

News and Publications

Enforcement

Research

Mandate of the Authority

The Capital Markets Authority is established by an Act of Parliament to promote, regulate and facilitate the development of an orderly, fair and efficient Capital Markets in Kenya.

What are you looking for?

Joint Press Release CAUTIONARY STATEMENT Press Communique - 28th consultative meeting of EASRA Approval of crown berger kenya limited commercial paper programme Appointment Of Transaction Advisers Renewal Of Capital Market Licences For The Year 2010 Authority approves renewal of two commercial papers totaling kshs. 204M;

September 2010

Su	Mo	Tu	We	Th	Fr	Sa
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30

FAQs

How does the stock market work?

The origin of stock markets goes back a couple of centuries. The roots of stock markets are to be found at the beginnings of the Industrial Revolution that began in Europe about four centuries ago. Many of the pioneer merchants of the industrial age wanted to start huge businesses, which no single merchant could raise alone. It therefore became inevitable for them to come together, pool their savings and start these businesses as partners or co-owners. The contribution of each partner to the enterprise was to be represented by a unit of ownership. This was the precursor to what we call shares. And through this, ‘joint stock’ companies were born.

What are the benefits of Investing within the Capital Mark.

Income: Which comes in form of dividends on shares or interest on bonds. Capital Gains: Long-term price appreciation leads to growth in capital, and wealth for investors. Short-term price gains can be realized through liquidating the shares for a profit, which is tax-free. Bonuses and Rights Issues boost the size of investment holdings at low costs.
Read more...

Key Stock Market Myths

Often than not a number of investors have either burnt their fingers while investing within the stock market from an ignorance point of view, or chosen to avoid the capital markets all together. This is primarily due to some myths that have held currency with most Kenyans to date. In this article we attempt to highlight and dispel some of these myths.
Read more...

Capital Market Concepts Explained

Asked Price The price at which a market-maker/broker is willing to sell a specified quantity of a particular share or bon
Read more...

What if I have any complaints about CDSC’s services?

Please write to us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or visit our offices at Nation Centre 10^th floor.

What Is The Role Of Capital Markets In An Economy?

Provides an important alternative source of long-term finance for long-term productive investments. This helps in diffusing stresses on the banking system by matching long-term investments with long-term capital.
Read more...

What do I need to know about CDs

As you may be aware, The Central Depository & Settlement Corporation Limited (CDSC) has commenced operations of the central depository system. The central depository system, procured from Millennium Information Technologies Limited of Colombo, Sri Lanka, was commissioned as ready for use on 10th November 2004.
Read more...

Will I be restricted to having an account with only one CDA?

No. There are no restrictions on the number of CDAs you can open accounts with.

<< Start < Prev 1 2 3 4 Next > End >>

Results 1 - 8 of 26

Highlights

AUTHORITY APPROVES A BONUS ISSUE BY JUBILEE HOLDINGS LIMITED.

The Capital Markets Authority (CMA) has granted approval toJubilee Holdings Ltd for the issue of bonus shares in the ratio of one (1) new ordinary share for every ten (10) ordinary shares held as at close of business on June 14, 2010, and their subsequent listing on the Main Investment Market Segment of the Nairobi Stock Exchange. This will result in an additional 4,500,000 ordinary shares of a par value of Kshs. 5.00 each to the shareholders of Jubilee Holdings Limited.

“In approving the bonus issue and listing of the additional shares, the Authority has considered the application by Jubilee Holdings Ltd and is satisfied that it meets the requirements of the Capital Markets Act 485(A) and Regulations issued there under.” Said CMA Chief Executive, Mrs. Stella Kilonzo.

Appointment Of Transaction Advisers

The Capital Markets Authority wishes to draw the attention of all licensees and members of the public to the provision of Regulation 5A of the Capital Markets (Public Offer, Disclosure and Listing) Regulations 2002 which came into effect on June 11, 2009 and which provides as follows:

Any company proposing to offer its securities to the public or a section of the public shall appoint a transaction adviser.
A transaction adviser appointed under paragraph (1) shall be responsible for ensuring that the offer of securities is made in accordance with the Act and regulations issued thereunder.
A person shall not be eligible for appointment as a transaction advisor unless such a person is licensed as an investment bank or is approved by the Authority to act as a transaction advisor for the particular offer of securities.

In accordance with this provision, ALL issuers of securities to the public are required to appoint a Transaction Adviser that is licensed as an Investment Bank or in the alternative, prior to appointing a transaction adviser that is not a licensed Investment Bank, to seek the Authority’s approval of such a person.

Kindly note that that save for Investment Banks, all persons seeking to act as transaction advisers shall be required to seek prior approval from the Authority before they are considered eligible to act as a transaction advisers.

The Authority may consider the appointment of a joint team of transaction advisers provided that the same comprises a licensed Investment Bank.

Renewal Of Capital Market Licences For The Year 2010

The attention of the Capital Markets Authority has been drawn to an erroneous report that appeared on the Tuesday May 11th 2010 Standard Newspaper’s , Financial Journal section, Page 9 titled ‘Will CMA renew brokers licences?’.
Read more...

CAUTIONARY STATEMENT

The public are advised to be wary of and to avoid giving money to companies that hold themselves out as carrying on the business of Investment Advisers or any other licensed activity without holding valid licenses issued under the Capital Markets Act.

The public should note that the Capital Markets Act (Cap 485A) and regulations prohibit any company from carrying on the business of a licensed person without the requisite licence. A list of all persons holding a license from the Authority is available on the website of the Authority (www.cma.or.ke) and investors should not hesitate to contact the Authority for any clarifications on the same.

The Authority shall take appropriate action against any unlicensed persons that carry on or hold themselves out as carrying on the business of a licensed person. In this regard the Authority specifically warns the public over any dealings with the following entities:

1.    Caribbean Stocks
2.    Caribbean Solutions Finders Limited
3.    Orgacilla Merchants

We would like to take this opportunity to request the public to provide the Authority with any information on any such unlicensed persons to enable us to take action in the interest of investors.

Investors with queries or complaints may also contact the Capital Markets Fraud Investigation Unit on 0714 693414, 0714693365, 0731544389, 0733199622 or by email on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

The CMA Fraud Investigation Unit (CMFIU) arrests an Investment Advisor

The Capital Markets Authority (CMA) Fraud Investigation Unit (CMFIU) investigations has led to the arrest of an investment advisor licensed by CMA. The accused, Mr. David Chege Mworia is a Director of Prudential Capital Ltd which is an investment advisory firm licensed by the Authority. He was a former employee of Ngenye Kariuki and Company Ltd currently under Statutory Management.
Read more...

Quick Links
Nairobi Stock Exchange Central Bank of Kenya EASRA IOSCO Retirement Benefits Authority Ministry of Finance Governrment of Kenya Kenya Revenue Authority CMA Uganda Dar es Salaam Stock Exchange Exchange Promotion Council KIPPRA Kenya Bureau of Standards Capital Markets Uganda Capital Markets Tanzania Insurance Regulatory Authority

You are visitor No.

Disclaimer