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Public Notice: Request For Stakeholder And Public Feedback On The Proposed Capital Markets (Securities Lending And Borrowing And Short Selling) Regulations, 2016

The Capital Markets Authority is mandated under the Capital Markets Act to develop all aspects of the
capital markets with particular emphasis on the removal of impediments to and the creation of incentives
for, longer term investments in productive enterprises.


As part of the initiatives towards development of the capital markets, the Authority with the support of the
World Bank is in the final stages of developing the Capital Markets (Securities Lending and Borrowing
and Short Selling) Regulations, 2016 to enable securities lending and borrowing in the capital markets.

Securities lending and borrowing is the temporary transfer of securities from one party to another with
a simultaneous formal agreement to return the securities at a pre-agreed price either on demand or at
an agreed date in future. This, as a mechanism for covered short selling, is intended to increase overall
market liquidity and flexibility of financing by increasing the volume of securities potentially generic levitra at walmart available for
trading and further increases depth and efficiency in the capital markets through price discovery.


In order to ensure that the proposed legal framework meets the needs of the market, the Authority has held
several consultative meetings with key stakeholders to inform the development of the draft Regulations.
The Authority wishes to invite the general public and stakeholders to submit comments on the said
Regulations which can be accessed on the Capital Markets Authority website:– www.cma.or.ke.


This Notice has been issued in accordance with section 12A of the Capital Markets Act to commence
stakeholder and public consultation for a period of the next thirty (30) days. Kindly submit your comments
on the draft framework by November 25th 2016 via email, hand delivery or post to: -


The Chief Executive Office
Capital Markets Authority
Embankment Plaza, 3rd Floor, Longonot Road, Upperhill
P.O. Box 74800-00200, Nairobi
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

This email address is being protected from spambots. You need JavaScript enabled to view it.">
Paul Muthaura
CHIEF EXECUTIVE
Capital Markets Authority

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