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 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.

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.

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.

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

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.

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.

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 the Retirement Benefits Authority for the regulation, supervision, promotion and registration of retirement benefits schemes in Kenya and other related matters.

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.

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.

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.

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.

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.

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.

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 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.

The guidance note specifies the policy guidance for ETF in Kenya, covering the issuance of ETFs, approval of ETFs, pre-listing of ETFs, requirements on risk and risk mitigation, appointment of market makers, appointment and responsibilities of trustee and manager, and requirements on details on the ETFs.

In line with the Insurance Act, these guidelines outline the standards for the conduct of insurance investigators and motor assessors to ensure best practices and professionalism in the insurance business and for the effective development of the insurance sector.

In line with the Insurance Act, this guidance aims to ensure the protection on customers in the market for insurance business and in the activities of insurers with the objective of strengthening public trust, minimise risk in the insurance sector and to ensure insurers compete in tandem with best business practices to prevent the exploitation of consumers.