This policy guidance governs the issue of Asset-Backed Securities pending the amendment and new regulations for the Capital Market Act. The policy guidance outlines the requirements for a prospectus or offering memorandum, structure of Special Purpose Vehicle (SPV), types of securities that can be issued as an Asset-Backed Security.

This policy document highlights the responsibility for issuance of depositary receipts and notes; pre-listing requirements for in-bound depositary receipts; approvals for in-bound and out-bound depositary receipts; requirements for depositary securities; the role of various market participants; cancellation of depositary receipts and notes and other related guidance.

In line with the Capital Market Act, this guideline outlines the requirements for approval and registration of Credit Rating Agencies in Kenya.

The list of subsidiary legislation included in this document includes: individual retirement benefit scheme regulations; occupational retirement benefit scheme regulations; retirement benefit tribunal rules; retirement benefit transitional regulations; retirement mortgage loans regulations; retirement administrators regulations; and other related legislation.

This is an Act of Parliament for the establishment of the Retirement Benefits Authority for the regulation, supervision, promotion and registration of retirement benefits schemes in Kenya and other related matters.

The purpose of this guideline is to ensure the suitability of persons involved in the ownership, stewardship and management of insurers in other to function effectively in their role as insurers.

Takaful is an alternative to conventional insurance based on the principles of mutuality, cooperation and shared responsibility for joint indemnity and solidarity of participants. This document highlights the operational guidelines for the operation of takaful insurance arrangement.

This budget policy statement was developed to bring forth economic transformation for shared prosperity. The statement focuses on fiscal policy and budget framework, intergovernmental fiscal relations and division of revenue and medium-term expenditure framework.

These regulations are for the participation of foreign investors in the Kenya Capital Market including registration of shareholders; declaration of investors status; report by listed companies; deposit of share certificate with an authorized depository; reports of authorized depository; and other related matters.

These regulations on take-overs and mergers cover take-over procedures, obligations of offeror in relation to offer, obligation of offeree in relation to offer, and other general regulations.

These regulations specify the condition for demutualization, the application of demutualization, procedure for authority receiving the application, resolutions of demutualization exchange, and other related regulations.

This is an Act of Parliament for the establishment of the Capital Market Authority with responsibility for promoting, regulating and facilitating the development of the Kenyan capital market and for the effective and efficient operations of the Kenyan capital market as well as other related matters.

These are the general regulations governing the derivative market in Kenya including licensing requirements and duties of the derivative exchange; clearing house of a derivative exchange; approval of derivative contracts; licensing of derivative brokers; conduct of derivatives business; inspection; market offences and penalties; and other general provisions.

The regulations specify the licensing requirements for participants in the capital market including: securities exchange, stockbrokers and dealers, investment advisers and fund managers, investment banks, authorised securities dealers, disclosure of information, and other related provisions.

These regulations on securities lending, borrowing and short-selling specifies the criteria for lending and borrowing; individual qualification for lending and borrowing; securities lending and borrowing agreement; reporting of transactions; collateral for securities lending and borrowing transactions; rights and obligations of lenders and borrowers; securities permitted for short-selling; individual qualified to short-sell; requirement for short-selling; penalties for breach of regulations and other related provisions.

This is an Act of parliament for the establishment of central depositories and for their regulation and operation and other related provisions. The Act highlights provisions relating to immobilised securities; securities account and records; central deposit settlement and guarantee arrangements; and other general provisions.

This legislative supplement contains several guidelines for the insurance sector including: valuation of technical provision for general insurance business guidelines; valuation of technical provision for life insurance business guidelines; and capital adequacy guidelines.

The objective of this regulation is to ensure effective and efficient management of insurers’ risk profiles, liquidity needs, liquidity profiles in line with international best practices and prudent investment management guidelines.

The budget statement for the fiscal year 2017/2018 detailed the plan to achieve food security, affordable housing and taxation agenda for 2017/18 and beyond, ways of transforming sectors to create Jobs, fiscal policy and budget framework, taxation measures.

These guidelines follow the Insurance Act with the objectives of ensuring insurance companies and reinsurance companies are managed effectively in a manner that guarantee effective and efficient risk management system. The guidelines outline the principles for identifying, assessing and mitigating risk in the insurance sector and procedures to limit the exposure of insurers to insurance risk.