DEVELOPMENT OF A POLICY, INSTITUTIONAL AND REGULATORY
FRAMEWORK FOR EXCHANGE TRADED FUNDS (ETFs) MARKET IN KENYA
TENDER NO. CMA / EOI - 001/ 2013 /2014
The Capital Markets Authority (CMA) was set up in 1989 through an Act of Parliament Cap.
485A Laws of Kenya. The CMA, which is a body corporate with perpetual succession and
a common seal, was constituted and inaugurated in 1990. The CMA is a statutory agency
charged with the prime responsibility of regulating the development of orderly, fair and efficient
capital markets in Kenya.
One of the key challenges that Kenya’s capital markets have faced over the years has to do
with relatively low market liquidity. As one of the approaches aimed at improving market depth
and by extension liquidity, CMA is seeking to increase the scope of available capital markets
products in Kenya by facilitating the establishment of an Exchange Traded Funds market.
FRAMEWORK FOR EXCHANGE TRADED FUNDS (ETFs) MARKET IN KENYA
TENDER NO. CMA / EOI - 001/ 2013 /2014
The Capital Markets Authority (CMA) was set up in 1989 through an Act of Parliament Cap.
485A Laws of Kenya. The CMA, which is a body corporate with perpetual succession and
a common seal, was constituted and inaugurated in 1990. The CMA is a statutory agency
charged with the prime responsibility of regulating the development of orderly, fair and efficient
capital markets in Kenya.
One of the key challenges that Kenya’s capital markets have faced over the years has to do
with relatively low market liquidity. As one of the approaches aimed at improving market depth
and by extension liquidity, CMA is seeking to increase the scope of available capital markets
products in Kenya by facilitating the establishment of an Exchange Traded Funds market.