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  • Quarterly Statistical Bulletin

    A quarterly publication of the Capital Markets Authority

  • BestCompanytoWorkFor
  • competitive
    A proactive regulator of competitive and robust capital markets
  • Developing Kenya
    Developing Kenya's capital markets to be an investment destination of choice through facilitative regulation and innovation.
  • facilitative policy
    Establishing a robust, facilitative policy, legal and regulatory framework for capital markets development
  • Promoting investor education
    Promoting investor education, awareness and interest in the capital markets
  • Strengthening institutional
    Strengthening institutional capacity to effectively and efficiently deliver on its mandate

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Frequently Asked Questions

CDSC has employed staff of high integrity and keep very high levels of confidentiality. Where appropriate and available the Company has taken insurance.

A maximum of 5 days. Your stockbroker can arrange for a shorter period if you want.

No, you will still get your entitlements without any change. Bonus shares are credited directly into your CDS account.

No. There is absolutely no increase in cost for the CDS accountholders.

By completing and signing the Securities Transfer Form, (CDS 4(A) + CDS 4(B) supplied to you by your stockbroker. The form must be signed also by your current CDA (CDS 4A) and your new CDA (CDS 4B)

Yes, you can open accounts through as many stockbrokers as you want. However, when an account is opened suing one stockbroker, only that stockbroker can transact on that account

You can request for an interim statement of your account any time you wish. You will be charged a fee of Kshs.50 per interim statement. It is mandatory to fill in your address, code and town on the Account Opening Form (CDS 1) in order for you to receive your statements promptly.

Will I receive dividend on the pledged securities?

The pledgor will continue to receive dividend on the pledged securities. The pledgee will get the benefits only if the pledge is invoked and on record date the shares are in the pledgee's account.

Yes. If the pledgee [lender] agrees, you will be able to change the securities offered in a pledge.

When you pay the loan, the lender completes the necessary Form (CDS6) instructing CDSC to remove the pledge.

Within 24 hours of the documents reaching CDSC.

Yes. You and the lender will complete a Pledge Form (CDS 5) and deliver it to your CDA. The lender will forward the forms to CDSC through your CDA. CDSC thus marks the shares as pledged to the lender and confirms this to the lender and yourself. When shares are pledged you cannot sell them.

You complete a withdrawal form (CDS 3). Kshs.500 is chargeable for every certificate you may wish to withdraw. However, if you wish to trade again, you will need to re-submit the certificate for immobilization.

You will complete and submit Securities Account Maintenance Form (CDS 1) to your CDA with the new address or indeed any other changed details.

You get the duplicate copy of the deposit form (CDS 2)

You get a monthly statement from CDSC if you have a trade that month.

You get a quarterly statement if you have not had a trade for three months.

The statements are issued directly to your address as indicated on the form.

Sign your form with the signature used when buying the shares.

Return the form to the CDA together with the certificates you have included on the form to be deposited.

You will be given a duplicate copy of the completed and signed form, after the CDA has countersigned as evidence of your deposit.

The CDA will forward the form and the certificate to CDSC

CDSC will forward the certificates and forms to the company’s shares registrar for verification.

When the registrar confirms the certificates as genuine, the shares will be deposited in your account.

Once the shares are in your account you can trade in them.

Yes

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

  • 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
  • Provides equity capital and infrastructure development capital that has strong socio-economic benefits - roads, water and sewer systems, housing, energy, telecommunications, public transport, etc. - ideal for financing through capital markets via long dated bonds and asset backed securities.
  • Provides avenues for investment opportunities that encourage a thrift culture critical in increasing domestic savings and investment ratios that are essential for rapid industrialization. The Savings and investment ratios are too low, below 10% of GDP.
  • Encourages broader ownership of productive assets by small savers to enable them benefit from Kenya’s economic growth and wealth distribution. Equitable distribution of wealth is a key indicator of poverty reduction.
  • Promotes public-private sector partnerships to encourage participation of private sector in productive investments. Pursuit of economic efficiency shifting driving force of economic development from public to private sector to enhance economic productivity has become inevitable as resources continue to diminish.
  • Assists the Government to close resource gap, and complement its effort in financing essential socio-economic development, through raising long-term project based capital.
  • Improves the efficiency of capital allocation through competitive pricing mechanism for better utilization of scarce resources for increased economic growth.
  • Provides a gateway to Kenya for global and foreign portfolio investors, which is critical in supplementing the low domestic saving ratio.

Please write to us at This email address is being protected from spambots. You need JavaScript enabled to view it. or visit our offices at Nation Centre 10th floor.

 

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Contact Us

Embankment Plaza, 3rd Floor
Longonot Road, off Kilimanjaro Avenue, Upperhill
P.O Box 74800-00200, Nairobi Kenya
Tel: +254 20 2264400/ 2264900/ 2221910/ 2221869
Backup Wireless Lines: 0722 207767/ 020 2611464
Cell: +254 722 207767, Email: corporate@cma.or.ke