REGULATORY FRAMEWORK
Overview
The Authority has developed a responsive legal and regulatory framework to ensure a fair, efficient, and orderly capital market. This promotes efficient market, intermediary infrastructure and operations. This is also allows creating systems and strategies that will identify, remove impediments and create incentives for developing innovative market products.
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- The Capital Markets Act;
- The Central Depositories Act, 2000
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- The Capital Markets (Collective Investment Schemes) Regulations, 2001
- The Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002
- The Capital Markets (Licensing Requirements) (General) Regulations, 2002
- The Capital Markets (Takeovers and Mergers) Regulations, 2002
- The Capital Markets (Foreign Investors) Regulations, 2002
- The Capital Markets Tribunal Rules, 2002
- The Capital Markets Asset Backed Securities Regulations 2007
- The Capital Markets (Registered Venture Capital Companies) Regulations 2007.
- The Capital Markets(Conduct of Business) (Market Intermediaries) Regulations 2011
- The Capital Markets(Corporate Governance) (Market Intermmediaries) Regulations, 2011
- The Capital Markets (Demutualization of the Nairobi Securities Exchange Limited) Regulations 2012
- The Capital Markets Real Estate Investment Trusts Collective Investment Schemes Regulations 2013
- The Capital Markets (Derivatives Markets) Regulations, 2015
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- Code of Corporate Governance Requirements for Issuers of Securities to the Public, 2015
- Guidelines on the Approval and Registration of Credit Rating Agencies
- Guidelines on Financial Resource Requirements for Market Intermediaries
The above Acts, Regulations as well as the Guidelines are what the Authority uses to supervise and regulate the market intermediaries. The regulatory framework is crafted in such a way that it encourages self regulation to the maximum practical extent.
Regulations
Guidelines
Circulars
EAC Council Directives
Title | Download |
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EAC GAZETTE Directives 27th October 2017 | DownloadPreview |
Gazetted EAC Council Directives1 | DownloadPreview |
EAC Council Directive on REITS | DownloadPreview |