KENYA: Capital Markets Authority Regulatory Framework for the Introduction of Exchange Traded Funds

Monday August 10 2015

The Capital Markets Authority has announced the commencement of a 30 day public consultation of the draft Policy Guidance Note (OGN) which will be used to guide the operation of Exchange Traded Funds (ETFs) in Kenya. The Policy Guidance Note and the activities commenced in line with it are subsequently expected to inform the development of a comprehensive legal and regulatory framework.

The proposed regulatory framework provides a guide to listing ETFs in Kenya, identifies and proposes measures to mitigate the potential regulatory risks. The overarching objective of the framework is to promote market confidence and integrity in line with the drive for fair and efficient financial markets in Kenya.

The deadline for comments on the draft framework is 6th September 2015.

Click on the link above for further details.