

Regulator Performance Overview
200
34
15
2
5
1
Insurance coverage protecting client deposits and funds
Requirement for client funds to be held separately from company funds
Medium
Tier 3
Detailed assessment of regulatory capabilities and effectiveness
Detailed breakdown of the 6 key regulatory performance indicators
Value and prestige of licenses issued by this regulator
Effectiveness of regulatory framework and enforcement
This regulator shows below average performance with an overall score of 34.
Strongest performance in Regulatory
Transparency Level: medium
Global Tier: tier3
The Capital Markets Authority (CMA) is an independent public agency created under the Cap 485A by an Act of Parliament; it operates under the National Treasury and Economic Planning.
Apart from the above, the CMA also regulates all persons licensed under the Capital Markets Act, including online forex brokers, commodity traders, and regulated exchanges.
The CMA has several regulatory functions, as outlined in the Capital Markets Act and its associated regulations.
• Licensing and supervision of capital market intermediaries
• Conduct of licensed market participants and institutions
• Issuance Regulation of capital market products
• Market Development Research into new financial products and institutional development
• Investor education and improved public awareness
• Investor protection
To be a trusted regulator of an inclusive and transparent capital market.
To regulate and promote the orderly, fair, and efficient capital and commodities markets while protecting the interests of all stakeholders.
Leadership and Governance
The Board of CMA provides overall policy direction and leadership to the Authority.
The CMA's Strategic Plan 2023–2028 outlines the CMA's strategic direction for the next five years.The Strategic Plan aims to regulate and then develop capital and commodities markets in Kenya.
Protection against negative account balances in trading
Access to qualified investment professionals and advisory services
Government-regulated
Foreign brokers and non-Indonesian clients not permitted
Institutional strength and organizational capability
Risk assessment and management protocols
Investor protection measures and safeguards
Client fund protection and insurance coverage
Stocks, Options, Derivatives, Securities, Futures
Brokers authorized and regulated by this authority